The predecessor of Wangfujing Department Store in is Beijing Department Store opened in 1955 as the first large department store constructed by investment of the state after the establishment of the People’s Republic of China, it is also known as “First Store of New China”. Nowadays, retail network of Wangfujing covers the whole country, which has set up 47 large department stores in 28 cities, and formed store echelons in different stages of development.With the glorious performance, Wangfujing Department Store also is the stable inheritor of concentrated Chinese commercial culture quintessence in modern times. Zhang Binggui, the most excellent practitioner in Chinese commerce, devoted his life to the career he loved, who worked and lived in here for over 30 years; the most excellent spiritual character of Chinese commerce-the spirit of fire was created hereof becomes value standard and spiritual pursuit of employees of the enterprises now.
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