Wumart

Wumart (物美) is a major Chinese retail group founded by Zhang Wenzhong in 1994 with its first supermarket in Beijing, and it became the first mainland Chinese private retail enterprise to list in Hong Kong in 2003 . The company has been positioned as a traditional offline supermarket with deep supply-chain积累, which served it well during the COVID-19 pandemic when its daily vegetable volume tripled during the 2020 Spring Festival period . In October 2019, Wumart acquired Metro China's business as foreign supermarkets retreated from the Chinese market . Zhang Wenzhong later founded DMALL (多点) in 2015 to provide digital solutions for retail enterprises, and by early 2020 DMALL had partnered with over 100 regional retail chains covering more than 13,000 stores . In the fresh-retail landscape, Wumart/DMALL has been grouped alongside Alibaba (Hema, RT-Mart), Yonghui Supermarket, and Walmart/JD as a key player in offline new-retail upgrades .