Type public Area served Shnaghai Headquarters Shanghai, China Founded 1987 | Traded as SSE: 600655 Operating income Revenue 17.55 billion CNY (2015) Parent organization Fosun International | |
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Industry Property management and Retailing Key people Xu Xiaoliang (Chairman)
Méi Hongjian (Vice-chairman & President) Stock price 600655 (SHA) CN¥ 11.41 -0.01 (-0.09%)7 Apr, 3:00 PM GMT+8 - Disclaimer | ||
Shanghai Yuyuan Tourist Mart Co., Ltd. is the largest retailing conglomerate in China.
Contents
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.
As at 19 November 2016, Yuyuan Tourist Mart is a constituent of SSE 180 Index.
History
Yuyuan Tourist Mart was formerly Yuyuan Shopping Mall, which was not a company but an 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 Co., Ltd. was established and listed on the Shanghai Stock Exchange to replace the old listed company.
Shareholders
In 2002, a consortium of Fosun High Technology (90%) and its major shareholder Guangxin Technology (Chinese: 廣信科技 for 10%), acquired 20% of shares of Yuyuan Tourist Mart and became the largest shareholder. Fosun High Technology's parent company became Fosun International some time later, as well as Fosun High Technology acquired the 10% stake from Guangxin Technology.