Wangfujing Department Store

Wangfujing (Chinese: 王府井百货) is a Chinese department store based in Beijing. Through a joint venture with Japanese department store Ito-Yokado, Wangfujing Yokado opened China's first full-scale food supermarket. Both companies each have a 40% stake. Japanese supermarket operator York-Benimaru Co. has the remaining 20%. It welcomes more than 10 million customers per day. It uses cloud computing services from IBM. The store is owned by the Chinese government.[1]

See also

References

  1. ^ "Investor search for scarcity sends Wangfujing shares sky high as retailer wins duty-free franchise". South China Morning Post. Retrieved 2025-07-07.


39°54′40″N 116°24′40″E / 39.9110°N 116.4112°E / 39.9110; 116.4112

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