Yintai Retails
The retail segment originated from Intime Department Store (Wulin Outlet) founded by President Shen in 1998, and includes Intime Retail (Group) Co., Ltd. (Intime Retail) and Intime Yusheng Commercial Management Consulting Co., Ltd. (Intime Yusheng).Covering department store retail, shopping centers and online retail, this segment is domestic commercial retail leader with rich operational management experience and strong brand management capability. In 2007, Intime Department Store registered the first department store company in Mainland China to be listed at the SEHK, renewing the record of 240-fold single-stock oversubscription. In 2009, it was the first to make strategic transformation from department store to shopping center. In 2010, appearance of www.yintai.com made Intime Department Store the first ever traditional retailer department store company in China to establish a joint venture solely by itself with huge investment and try online retail. In 2014, it started strategic partnership with Alibaba. Released “in”, a new high-end commercial operating brand in June 2014. In 2015, Yintai further intensified deep cooperation with Alibaba, and pushed forward the Internet aspect of (01833.HK), owner of Miaojie, Miaohuo and Miaoke that provides one-stop service application for retailers and consumers. By the end of 2016, Intime Retail (01833.HK) have managed and operated 29 department stores, 17 shopping centers and 1 Outlets with total floor area of 3,000,000 ㎡, while Intime Yusheng, as the largest luxuries brand owner in China, launched its high-end retail projects in01 (Beijing), in88 (Beijing) and in77 (Hangzhou) in China. Its in99 also expects to debut at Chengdu Yintai Centre in 2017. Our retail segment is already a paradigm of continuous innovation and transformation in the country's retail business.