Dashang Group

Dashang Group is a large Chinese retail group based in Dalian, Liaoning Province. Its business is centered on multi-format physical retail, including department stores, supermarkets, and specialized commercial outlets. The group is particularly associated with the Xinmate, or New Mart, retail format, as well as the Dalian Market complex and several established department-store businesses in northeastern China. The company’s operating base is Dalian, where it runs a number of prominent retail properties and formats. These include Dalian Market in central Dalian, which incorporates Xinmate department-store and supermarket operations, along with Dalian MYKAL, Dashang Qiulin Women’s Store, Dashang Men’s Store, and Jiajia Square, a retail destination focused on refurbishment and building-material products. This combination gives the group exposure to everyday grocery shopping, general merchandise, apparel, household goods, and home-improvement-related consumption. Dashang expanded beyond its home city through a broad regional network. The reference material describes retail stores in approximately 150 cities across eleven Chinese provinces and identifies the group as the largest retailer in Northeast China. Its geographic emphasis has historically distinguished it from retailers concentrated primarily in China’s coastal megacities or national e-commerce platforms. The group’s scale has also included a large workforce; the cited reference describes approximately 170,000 employees, although no publication year is provided for that figure. A significant expansion step was the acquisition of Harbin No. 1 Department Store in 2005. The transaction strengthened Dashang’s position in Heilongjiang and illustrated its approach of building a regional retail network through established local department-store assets. Rather than relying on a single store concept, the group has operated a portfolio of banners and property formats adapted to different urban markets. Dashang Group is connected with the listed company whose Shanghai Stock Exchange ticker is 600694. The supplied reference identifies the group as listed, but does not provide a separate legal-entity description, current market capitalization, or a dated financial profile. Consequently, this dossier treats the stock-market listing as an identifying corporate fact while omitting unsupported financial figures. The brand’s positioning is that of a large-scale, regionally rooted Chinese retailer with a broad physical-store footprint. Its offer combines department-store assortment and services with supermarket convenience and specialized retail destinations. Publicly available reference material supplied for this entry does not identify a founder, current senior executives, corporate website, or detailed recent strategic initiatives. Those fields remain unfilled rather than being inferred from similarly named companies.

Dashang Group developed as a major retail organization in Dalian, Liaoning Province, and became closely associated with the commercial life of northeastern China. Its headquarters are in Dalian, while its operating portfolio has included department stores, supermarkets, and specialized retail destinations. The group’s best-known format is Xinmate, also rendered as New Mart, which combines department-store and supermarket functions. The group’s Dalian operations include Dalian Market in the city center. The complex incorporates Xinmate department-store and supermarket activities and sits alongside other branded and specialized properties in the group’s local network. These properties include Dalian MYKAL, Dashang Qiulin Women’s Store, Dashang Men’s Store, and Jiajia Square, which focuses on refurbishment and building-material retail. Together, the formats show how Dashang has used a portfolio approach rather than operating only one standardized store type. Dashang’s expansion strategy extended its footprint beyond Dalian into other cities and provinces. The supplied reference describes stores in around 150 cities across eleven provinces and identifies the company as the largest retailer in Northeast China. This regional scale positioned Dashang as an important traditional retail operator in a part of China characterized by dispersed urban markets and established department-store shopping traditions. In 2005, Dashang acquired Harbin No. 1 Department Store in Heilongjiang Province. The acquisition was an important geographic step because it added a prominent Harbin department-store asset to the group’s northeastern network. It also illustrates the role of acquisitions in Dashang’s expansion, allowing the group to build on existing local retail institutions rather than relying solely on newly developed stores. The group has operated with a substantial workforce and a large physical-store base. The reference material states that Dashang operated 150 retail stores in Dalian, had stores in 150 cities across eleven provinces, employed 170,000 people, and generated gross revenue of 62.5 billion yuan. Because the source excerpt does not specify the date associated with these figures, they are not treated here as current or time-comparable financial statistics. Dashang Group is associated with a company listed on the Shanghai Stock Exchange under ticker 600694. The available material does not establish a complete chronology of its corporate structure, founding, leadership succession, recent digital-commerce initiatives, or current store count. It also does not provide enough evidence to document specific advertising campaigns, controversies, regulatory actions, or later acquisitions. The company’s documented historical identity therefore rests on its Dalian base, its multi-format retail portfolio, its expansion across northeastern and other Chinese markets, and the 2005 Harbin acquisition.

• 2005

  Harbin No. 1 Department Store acquisition

  [1]Dashang Group - Wikipediaen.wikipedia.org

  Dashang Group acquired Harbin No. 1 Department Store in Harbin, Heilongjiang Province, extending its northeastern China department-store network.

A large, regionally dominant Chinese multi-format retailer combining department stores, supermarkets, and specialized commercial destinations.

• Department store and supermarket

  Xinmate (New Mart)

  Xinmate, also known as New Mart, is Dashang Group’s principal named retail format in the available reference material. It combines department-store and supermarket activity, giving customers access to general merchandise alongside groceries and everyday necessities. The format is part of the group’s broader multi-store portfolio and is particularly associated with Dashang’s Dalian operations and regional retail network.

• Department-store complex

  Dalian Market

  Dalian Market is a central Dalian retail complex operated by Dashang Group. The site includes Xinmate department-store and supermarket operations and functions as one of the group’s notable urban commercial locations. Its role illustrates Dashang’s use of substantial, multi-department retail properties as anchors for local shopping districts.

• Department store

  Dalian MYKAL

  Dalian MYKAL, formerly rendered as Dalian MYCAL in some references, is a Dashang-operated department-store business in Dalian. The available material identifies it as one of the group’s principal local retail properties but does not provide detailed information about its assortment, opening date, or current operating status.

• Specialty department store

  Dashang Qiulin Women's Store

  Dashang Qiulin Women’s Store is a women-focused department-store format within Dashang Group’s Dalian portfolio. It represents the group’s use of specialized retail concepts alongside broad department stores and supermarkets. The supplied reference does not specify its product range beyond its women’s retail orientation.

• Specialty department store

  Dashang Men's Store

  Dashang Men’s Store is a men-oriented specialty retail outlet identified among the group’s Dalian businesses. It complements the women-focused Qiulin store and the group’s general department-store formats. Further details about branding, assortment, and store chronology are not provided in the available sources.

• Home-improvement retail

  Jiajia Square

  Jiajia Square is a Dashang retail destination focused on refurbishment materials and related home-improvement goods. Its inclusion in the group’s portfolio broadens Dashang beyond conventional department-store and grocery retail into products connected with residential renovation and household projects.

• 2015

  Dashang Group accused of suspending supplier settlements, raising deductions; Shenyang industry and commerce bureau orders correction

  In early 2015, several brand suppliers reported that malls under Dashang Group unilaterally suspended payment settlement, raised deduction rates, and imposed promotion fees, which media described as suppliers being 'variously ravaged.' After the Shenyang Administration for Industry and Commerce intervened, it found the practices violated the Measures for Fair Transactions between Retailers and Suppliers and ordered Dashang Group to correct them. Impact and handling: because the maximum fine under the regulations at the time was only 30,000 yuan, reports questioned whether the penalty was sufficient; suppliers could separately assert breach-of-contract liability. In addition, Dashang Co., Ltd. was involved in litigation over the Jinboda City project involving about 924 million yuan, lost at first instance, and appealed; its 2024 annual report disclosed that a Fushun subsidiary had deposits frozen due to 26 million yuan in rent arrears. Progress: regulatory measures. Entities involved: Dashang Group Co., Ltd. and Dashang Co., Ltd. Scope: settlement between Dashang Group malls in Shenyang and other places and suppliers.

  Source

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• 2005

  Expansion through the Harbin No. 1 Department Store acquisitionM&A

  Background

  Dashang Group was expanding its regional retail presence beyond Dalian and sought to add established department-store operations in other northeastern Chinese cities.

  Action taken

  The group acquired Harbin No. 1 Department Store in Harbin, Heilongjiang Province.

  Aftermath

  The transaction strengthened Dashang’s presence in Harbin and contributed to its broader northeastern China retail network.

  Source

• 2020.05.20

  DASHANG files suit against Xinda Investment[4]大商股份起诉信达投资sc.stock.cnfol.com

  DASHANG Zhengzhou Commercial Investment sued Xinda Investment in a dispute concerning the operation contract for Jinboda City real estate. The reported amount in dispute was approximately RMB 924 million; Xinda Investment was identified as the defendant.

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1. 1Dashang Group - Wikipediaen.wikipedia.org
2. 2Dashang Group accused of suspending supplier settlements, raising deductions; Shenyang industry and commerce bureau orders correctionredsh.com
3. 3Dashang Group accused of suspending supplier settlements, raising deductions; Shenyang industry and commerce bureau orders correctionepaper.zqrb.cn
4. 4大商股份起诉信达投资sc.stock.cnfol.com