Wangfujing Department Store
Encyclopedia
Wangfujing is a Chinese
China
Chinese civilization may refer to:* China for more general discussion of the country.* Chinese culture* Greater China, the transnational community of ethnic Chinese.* History of China* Sinosphere, the area historically affected by Chinese culture...

 department store
Department store
A department store is a retail establishment which satisfies a wide range of the consumer's personal and residential durable goods product needs; and at the same time offering the consumer a choice of multiple merchandise lines, at variable price points, in all product categories...

 based in Beijing
Beijing
Beijing , also known as Peking , is the capital of the People's Republic of China and one of the most populous cities in the world, with a population of 19,612,368 as of 2010. The city is the country's political, cultural, and educational center, and home to the headquarters for most of China's...

. Through a joint venture with Japanese department store Ito-Yokado
Ito-Yokado
is a Japanese General Merchandise Store, part of Seven & I Holdings Co. There are 174 Ito-Yokado stores operating in Japan. The group has expanded to China, where they formed a joint venture with Wangfujing Department Store and China Huafu Trade & Development Group Corp. to open one of five stores...

, Wangfujing Yokado opened China's first full-scale food supermarket. Both companies each have a 40 per cent stake. Japanese supermarket operator York-Benimaru Co. has the remaining 20 per cent. It welcomes more than 10 million customers per day. It uses cloud computing
Cloud computing
Cloud computing is the delivery of computing as a service rather than a product, whereby shared resources, software, and information are provided to computers and other devices as a utility over a network ....

services from IBM.
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