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Main Business

Commercial Retail

Practicing Commerce for the People, Empowering a Better Life
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Core BusinessCommercial Retail
Commercial Retail

Commercial retail is the core business of Bailian Group under its "One Core, Three Pillars" strategy. The group encompasses diverse formats including department stores, shopping centers, outlets, standard supermarkets, hypermarkets, convenience stores, healthcare, specialty stores, Bailian Technology, automotive retail, and commercial logistics.

With nearly 4,500 retail outlets nationwide, Bailian has established a comprehensive retail network. Since the launch of its omni-channel platform iBailian in 2016, Bailian’s commercial retail sector has built five major strengths: full customer base coverage, cross-format synergy, comprehensive product assortment, omni-channel integration, and round-the-clock services. It holds significant influence across various market segments and industries, serving over 1 billion customers annually and boasting more than 30 million Bailian Tong members.

Full Customer Coverage
Cross-Format Synergy
Full Category Assortment
Omnichannel Model
Round-the-Clock Service

With a long-standing legacy and deep-rooted heritage in commercial retail, Bailian Group owns three of Shanghai’s most iconic historical and cultural department stores—originally part of the renowned “Four Great Companies” on Nanjing Road—namely Shanghai Fashion Store (formerly Sincere), Wing On Department Store, and No.1 Department Store. Throughout its history, Bailian has also created numerous “firsts” in the development of China’s modern retail industry.

In recent years, Bailian Group has proactively responded to evolving retail trends, including digitalization, brand-driven development, community-based retail, and trend-led consumption. The Group has accelerated the transformation and innovation of its core retail business while enhancing operational efficiency. By expanding into emerging sectors such as fashion consumption, silver-generation (senior) consumption, and new retail convenience formats, Bailian has developed a series of new commercial landmarks and attracted hundreds of first-in-market and flagship stores.

At the same time, Bailian has continued to deepen its engagement with local communities, building 15-minute living circles to better serve neighborhood needs and meet the increasingly diverse demands of different consumer segments.

Digitalization

Branding

Community Building

Trendy

National Commercial Network Layout

Bailian Group's commercial retail outlets have deeply established themselves in Shanghai, extended their reach across the Yangtze River Delta, and are strategically deploying their key business formats nationwide. As of the end of 2025, Bailian operated 3,740 outlets in the Yangtze River Delta region, accounting for over 80% of its national total. Among these, 2,146 outlets were located in Shanghai, representing 48% of its nationwide presence. The group ranks first in Shanghai in terms of the number of its department stores, shopping malls, and supermarkets.

3740

Retail outlets in the Yangtze River Delta (region)

80 %

Proportion of outlets in the YRD

2146

Retail outlets in Shanghai

48 %

Proportion of retail outlets in Shanghai

Retail Ecosystem
Key member enterprises

Lianhua Supermarket Holdings Co., Ltd. (hereinafter referred to as 'Lianhua Supermarket')

Lianhua Supermarket Holdings Co., Ltd. (hereinafter referred to as "Lianhua Supermarket"), a subsidiary of the Shanghai state-owned enterprise giant Bailian Group, was established in May 1991. Rooted in the Yangtze River Delta and expanding across China, it leverages an efficiently integrated supply chain to provide a full range of quality products, positioning itself as a community-focused omnichannel lifestyle retailer. In 2003, Lianhua Supermarket was listed on the Hong Kong Stock Exchange, becoming the first mainland Chinese supermarket chain to be listed on the Main Board. It owns several well-known domestic retail chains, including "Lianhua," "Century Lianhua," "Quik," and "Hualian."

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Lianhua Supermarket Holdings Co., Ltd. (hereinafter referred to as 'Lianhua Supermarket')

Lianhua Supermarket Holdings Co., Ltd. (hereinafter referred to as "Lianhua Supermarket"), a subsidiary of the Shanghai state-owned enterprise giant Bailian Group, was established in May 1991. Rooted in the Yangtze River Delta and expanding across China, it leverages an efficiently integrated supply chain to provide a full range of quality products, positioning itself as a community-focused omnichannel lifestyle retailer. In 2003, Lianhua Supermarket was listed on the Hong Kong Stock Exchange, becoming the first mainland Chinese supermarket chain to be listed on the Main Board. It owns several well-known domestic retail chains, including "Lianhua," "Century Lianhua," "Quik," and "Hualian."

Shanghai Bailian Group Co., Ltd.

Bailian Co., Ltd. is a large-scale comprehensive listed company under the Bailian Group, primarily focused on commercial services. Its business encompasses diverse retail formats including department stores, shopping malls, and outlet centers. Guided by the vision of "Continuously Creating a Better Life Around You," and firmly rooted in Shanghai with a nationwide presence, the company boasts a portfolio of over 40 renowned member enterprises. Notable among these are No.1 Yaohan, No.1 Department Store Commercial Center, Oriental Market (Flagship Store), Bailian South Shopping Center, Bailian Outlets Plaza, Wing On Department Store, and Bailian TX Huaihai.

Shanghai Material Trading Co., Ltd.

Shanghai Material Trading Co., Ltd. (Abbreviation: Wumao Stock; Stock Codes: 600822, 900927) is a listed company in the commercial trade circulation sector. It is dedicated to becoming a specialized integrated service provider for bulk commodities, driving synergistic online and offline development to establish itself as an influential comprehensive service provider in the market.

The company delivers competitive, secure, and reliable professional services across multiple domains including automotive, non-ferrous metals trading platforms, metal logistics, and chemical raw materials. It actively explores value-driven strategic alliances and continuously creates value for its bulk commodity clients.

Focusing on enhancing its core competitiveness, Wumao Stock drives innovation and development centered on client needs. Through steady advancement and the accumulation of strength, it is strategically transitioning toward an integrated supply chain service model for production materials.

Shanghai First Med Co., Ltd.

Shanghai First Med Co., Ltd. (Stock Code: 600833) is a pharmaceutical distribution enterprise under Bailian Group. Its primary business encompasses the retail and wholesale of Western and Chinese patent medicines, prepared slices of Chinese crude drugs, medical devices, nutritional supplements, and dermocosmetics.

The company owns well-known pharmacy brands such as "First Med" and "Huifeng Pharmacy." Notably, the Shanghai No.1 Medical Store located on Nanjing Road Pedestrian Street has enjoyed the trust of Shanghai citizens for over six decades.

Positioned as an integrated wholesale-retail operator, the company leverages its professional products and services to pioneer innovative wholesale-plus-retail formats. It is actively entering the health and wellness market to build a distinguished professional brand.

Bailian Omni-channel E-commerce Co., Ltd.

Bailian Omni-channel E-commerce Co., Ltd. is a wholly-owned subsidiary of the Bailian Group. Leveraging the Group's diversified business formats and extensive offline store network, the company utilizes internet technologies to drive the development and innovation of Bailian's retail business across three dimensions: business models, core capabilities, and management mechanisms. This is achieved by optimizing five key operational stages – "Traffic Acquisition, Conversion, Transaction, Fulfillment, and After-Sales Service" – while strengthening three core commercial pillars: "Product, Supply Chain, and Customer Experience." The ultimate goal is to provide consumers with accessible, quality living.

Shanghai Sanlian (Group) Co., Ltd.

Shanghai Sanlian (Group) Co., Ltd., founded in 1956, is a state-owned enterprise under the Bailian Group specializing in three core businesses: timepieces, eyewear, and photographic equipment. Its portfolio includes renowned heritage brands such as Hengdali, Hengdeli, Wuliangcai, Maochang, and Guanlong. The company has established its leadership in specialized retail through formidable strength and significant scale advantages.

At the 2024 China International Import Expo (CIIE), it signed a product procurement agreement with Johnson & Johnson Vision Care Trading (Shanghai) Co., Ltd. and participated in the bulk procurement activities of the Shanghai Trade Delegation's Large-Scale Retail Purchaser Alliance.

Curated Commerce
“Nanjing Road Pedestrian Street: Building China's Sacred Destination for ACG Culture.”

Bailian Group Drives Business Innovation with a Curation Mindset, Constructing a Diverse "New Curated Commerce" Matrix.

As the first curated retail space in China, TX Huaihai integrates immersive art experiences, curated retail brands, and a community connection platform to create a space that communicates diverse cultures and youthful lifestyles for new consumer communities, establishing itself as a new landmark for popular culture.

The ZX series delves deeply into the ACG economy. "Creators' Playground" (Chuangqu Chang) is the country's first commercial complex dedicated to ACG culture, gathering a large number of renowned industry IPs and stores (including many flagship stores with high international recognition) making their debut in China. Focusing on an "ACG PLUS" lifestyle, it combines ACG brands, themed F&B, bookstores, social spaces, and gaming experiences, adhering to the "Play Together" philosophy to foster continuous content co-creation.

BAI SPACE revitalizes the "Second Façade" of the Bund, infusing it with art and cultural creativity by hosting exhibitions for top international luxury brands and photography/art exhibitions. It has successfully established multiple new landmarks at the intersection of commerce, art, and fashion.

Through the synergistic interaction of these sectors, Bailian Group is activating new consumption momentum and contributing to Shanghai's development as an international consumption hub.

Time-Honored Brands, Newfound Vitality
To Tell China's Stories Well, Promote Traditional Chinese Culture, and Enhance the Value of Time-Honored Brands.

Adhering to the principle of "Staying True to Our Roots While Innovating," Bailian Group's time-honored brands are thriving with renewed vitality at the intersection of tradition and trends.

In terms of spatial innovation, Wuliangcai's debut "VIA·1719 New Vision Field" store has transformed into an industrial-chic, curated commercial space. Maochang's "1923 Optical Realm" seamlessly integrates Shanghainese (Haipai) culture with artistic experiences, redefining the consumer landscape.

Culturally, Wuliangcai launched its nationwide exclusive eyewear collection in collaboration with the Dunhuang Museum, and partnered with Shanxi's cultural tourism authority to reinterpret ancient architectural heritage. Maochang infused its Centennial Series eyewear chains with Shanghainese dialect elements, making tradition strikingly trendy.

Regarding service, First Med established an elderly-friendly assistive device experience zone. Both Wuliangcai and Maochang offer dedicated eye-examination services for senior citizens. The No.1 Department Store introduced the "Silver Bell Club" membership card, catering to the needs of all age groups.

Digitally, 3D printing technology empowers precision watch repairs. Online live-streamed "cloud exhibitions" break geographical barriers, driving the deep integration of "Product + Service + Scenario."

Evolving from "Classic Taste" to "New Guochao," Bailian's heritage brands are now authoring a new era of enduring relevance through continuous innovation.

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