Wumart Stores, Inc. doing business as Wumart, (Chinese: 物美; pinyin: Wùměi; Chinese for "good product") is a Chinese retail company with its headquarters in Haidian District, Beijing. Wumart was founded in 1994 by Zhang Wenzhong, Wumart Group is one of the earliest and biggest retailers in China and the largest supermarket chain in Beijing-Tianjin-Hebei area. With more than 1,000 Wumart stores in North, East and Northwest China, Wumart has scored revenue of more than 50 billion yuan ($7.8 billion), opened 103 stores in 2017, and continued to march into northeastern and southern regions. Wumart's business formats consist of retail, Internet and IOT technology, logistics and supply chain. Being technology-driven, the Group has developed location-based ecommerce in Beijing, Hangzhou, Yinchuan, Wuhan and other major cities, empowering supermarkets into Omni-channel retailer with online-offline integration and serving over 30 million members, constantly contributing to national economic growth, employment and better livelihood of the people. More information...
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