Xinhua Department Store has established a new chain supermarket company that includes supply chain management services.

According to the Qichacha APP, recently, Ningxia Wumeijia Chain Supermarket Co., Ltd. was established, with Yan Shen as the legal representative and a registered capital of 20 million yuan. The business scope includes: sale of textiles; sale of daily necessities; sale of electronic products; sale of gifts and flowers; supply chain management services, among others. Qichacha's equity penetration shows that the company is wholly owned by Xinhua Department Store indirectly.