#947

Wenzhong Zhang

China 64 years old Self-Made

Overview

Source of Wealth
supermarkets
Residence
Beijing

Assets

  • YinChuan XinHua Department Store Co., Ltd.
    0 shares @ -
    -
    600785-CN

Biography

Zhang Wenzhong is the controlling shareholding of Wumart Holdings Inc.

Wumart is a multi-brand retailer with supermarkets and department stores, among other businesses.

He was sentenced to 18 years in prison for financial violations in 2008 and released in 2013.

Zhang's earlier convictions were overturned by China's high court in 2018, clearing his record.