Wangfujing Group Co., Ltd.

Beijing-based operator of department stores, shopping centers, outlets and duty-free retail

What Wangfujing does

Wangfujing Group runs physical retail across China, including department stores, shopping centers, outlet malls and supermarkets. It also sells duty-free goods it buys and stocks itself, leases out property and runs online shopping.

How Wangfujing makes money

It earns money by selling goods in its own stores, including self-operated duty-free sales, and by collecting rent and fees from tenants and brands in its malls and properties. Its e-commerce channels add online retail sales.

Products & services

• Department stores
• Shopping centers
• Outlet malls
• Supermarkets
• Self-operated duty-free retail
• E-commerce platform