Consumer China

Beijing Wangfujing Department Store

  • Published 11 Feb 2010

Despite a reasonable reported performance last year, concerns lurk over the company's current condition following a recent financing frenzy.

Background:Beijing Wangfujing Department Store (600859:SHA) originated in Beijing and became China's first department store when it opened in 1955. The company now has four high-end department stores in Beijing and has expanded to 12 cities across the country, including Guangzhou, Wuhan, Chengdu, Baotou, Hohhot, Chongqing, Luoyang, Changsha, Xining and Urumqi. Wangfujing also operates a real estate business, which is engaged in leasing, real estate development and other property management activities.

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