Courses & Events

Daniel Wenzhong Zhang, Ph.D., Chairman of Wumart

Tuesday, Apr 22, 2014

04:15 pm - 05:30 pm

Retail in China and the Online Opportunity

Daniel Wenzhong Zhang, Ph.D., Chairman and Founder, Wumei Holdings

Wumart’s humble beginnings started at Stanford University when Dr. Daniel Wenzhong Zhang was a postdoctoral scholar doing research on computer software systems leading to the development of an IT system for retailers. After returning to China in the early 1990s and discovering that no one was interested in his technology, Dr. Zhang opened a store that would showcase his software in a retail context, and thus Wumart was launched in 1994.

Within a 10 year timeframe, Wumart expanded from a single store into 460 stores including hypermarkets, super markets and mini marts.  By the end of 2003, Wumart was successfully listed on the Hong Kong Stock Exchange.

Wumart’s demonstrated success was centered around technology driven platforms used to modernize retail systems in China.  Dr. Zhang’s academic background and expertise in the field of system engineering was also pivotal in Wumart’s accelerated growth.

Join us on Tuesday, April 22nd, as Dr. Zhang shares his insights into the story of how Wumart could grow a major new channel for retailing in China, current trends in online commerce there, and the future of China’s retail industries.

This is the 3rd session in the US-Asia Technology Management Center series of public talks on “Entrepreneurship in Asian High-Tech Industries.”

Presented by the US-Asia Technology Management Center in Stanford’s School of Engineering, with series support from SunBridge Partners and Ideaspace Foundation.

Stanford University
Tuesday, April 22, 2014
4:15PM ~ 5:30PM
Gates Building, Room B01 – Hewlett Packard Auditorium