How it started
History
Yuyuan Tourist Mart was formerly Yuyuan Shopping Mall, which was not a company but an administrative organization to manage the shops in Yuyuan Garden. In 1980s, some of the shops in there were integrated to form an enterprise. In 1987, Yuyuan Shopping Mall was approved to become the first commercial holding company in Shanghai. In 1988, its shares were listed on the Shanghai Stock Exchange and it was the first listed commercial holding company in China. In 1992, to unify the operations and management of the shopping mall, Shanghai Yuyuan Tourist Mart Co., Ltd. was established and listed on the Shanghai Stock Exchange to replace the old listed company.
In February 2024, the company announced a buyback of 200 million yuan. Shares are used to implement ESOP or to stimulate equity capital.
From Wikipedia’s article on Yuyuan Tourist Mart, shared under CC BY-SA 4.0.2