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Q4 2024 Wangfujing Group Evaluation

Wangfujing Group is one of China’s leading retail conglomerates, primarily involved in the department store business, with a significant presence in the retail sector. The company operates a network of department stores, shopping malls, supermarkets, and e-commerce platforms. It is well-known for its flagship Wangfujing Department Store, which has become an iconic retail destination in Beijing and other cities in China. The company operates across multiple retail formats, including high-end shopping centers, duty-free stores, and online retail platforms. Wangfujing has also diversified its business to include food services, real estate, and investment. With its focus on customer experience, high-quality products, and innovative retail solutions, the company continues to adapt to the changing consumer preferences, especially in the digital era.