Development History

1955

In 1955, Beijing Department Store ,the predecessor of Beijing Wangfujing Department Store was founded, is the first state-owned department store of our new People's Republic of China. Be praised as “the First Store of New China”.

1984

In 1984, the company as the pilot project of Beijing, the reform of “separating the politics and the enterprises, and simplifying the politics and transferring the power” was executed, and in the plans of Beijing national economic and social development was independently pursued.

1991

In 1991, Beijing Wangfujing Department Store Group was founded based on Beijing Department Store.

1993

In 1993, the transformation into the joint stock system was conducted and Beijing Wangfujing Department Store(Group)Ltd. was established.

1994

The company was listed in Shanghai Securities Exchange in 1994.

2000

In 2000, the Group completed the strategic restructuring with Beijing Dong’an Group, becoming the largest retailing group in Beijing.

2004

In 2004, the company was listed as one of the 20 large circulation enterprises especially supported by the Ministry of Commerce of China.

2010

In 2010, successfully widen the capital scale) by being invested by Stated-owned Assets Management Center, CITIC Industrial Fund , Fuhai Guosheng 3 strategic investment groups.

2013

In 2013, Wangfujing International, the majority shareholder of Wangfujing Department Store (Group) acquired PCD Store (Group) Limited. The same year, with the help of the internet economy, new Group has been put into implementation of the strategic restructure.

2014

Wangfujing department store and HengDa group signed a strategic cooperation agreement, with both sides in their respective resource advantages and market influence, in the field of in-depth cooperation, build a new platform strategy development.