| Type | Privately-owned company |
|---|---|
| Industry | Property management and Retailing |
| Founded | 1992 |
| Headquarters | Shanghai, People's Republic of China |
| Area served | People's Republic of China |
| Key people | Chairman: Mr. Wu Ping General Manager: Cheng Binghai |
| Parent | Fosun Group |
| Website | Shanghai Yuyuan Tourist Mart Company Limited |
Shanghai Yuyuan Tourist Mart Company Limited, or Yuyuan Tourist Mart, (SSE: 600655) is the largest retailing conglomerate in China.[1]
The company has presence in a variety of business sectors such as department stores and entertainment shops in Yuyuan Garden, Shanghai, the sales of gold, jade and other jewelry, food and beverages, Chinese pharmaceutical products, souvenirs, antiques, arts and crafts, the provision of property development, property management, import and export trading.[2]
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Yuyuan Tourist Mart was formerly Yuyuan Shopping Mall, which was not a company but a administrative organization to manage the shops in Yuyuan Garden. In 1980s, some of the shops in there were integrated to form an enterprise. In 1987, Yuyuan Shopping Mall was approved to become the first commercial holding company in Shanghai. In 1988, its shares were listed on the Shanghai Stock Exchange and it was the first listed commercial holding company in China. In 1992, to unify the operations and management of the shopping mall, Shanghai Yuyuan Tourist Mart Company Limited was established and listed on the Shanghai Stock Exchange to replace the old listed company. In 2002, Fosun Group, a civilian-run enterprise in Shanghai, acquired 20% of shares of Yuyuan Tourist Mart and became the largest shareholder of Yuyuan Tourist Mart.[3][4]