Wu Yao-ting a Taiwan

Taiwan

Taiwan , also known, especially in the past, as Formosa , is the largest island of the same-named island group of East Asia in the western Pacific Ocean and located off the southeastern coast of mainland China. The island forms over 99% of the current territory of the Republic of China following...

ese businessman, is the founder of the President Department Store and other businesses such as supermarket

Supermarket

A supermarket, a form of grocery store, is a self-service store offering a wide variety of food and household merchandise, organized into departments...

, hotel

Hotel

A hotel is an establishment that provides paid lodging on a short-term basis. The provision of basic accommodation, in times past, consisting only of a room with a bed, a cupboard, a small table and a washstand has largely been replaced by rooms with modern facilities, including en-suite bathrooms...

, and food industry

Food industry

The food production is a complex, global collective of diverse businesses that together supply much of the food energy consumed by the world population...

.

In 1958, Wu established the Taiwanese-owned department store of Taiwan, which called as Ta Shing (大新百貨). In 1975, he subsequently established the President Department Store (大統百貨), the largest department store of Taiwan at that time. In 1984, Wu founded the Talee Department Store (大立百貨) which became a Japanese style department store Talee-Isetan

Isetan

is a Japanese department store. Based in Shinjuku, Tokyo, Isetan has branches throughout Japan and East Asia, including Bangkok, Jinan, Kaohsiung, Kuala Lumpur, Shanghai, Singapore and Tianjin and formerly in Hong Kong, London and Vienna....

 (大立伊勢丹) later.

Additionally, Wu also founded Hotel Kingdom (華王飯店) and collaborates with Costco

Costco

Costco Wholesale Corporation is the largest membership warehouse club chain in the United States. it is the third largest retailer in the United States, where it originated, and the ninth largest in the world...

in Taiwan to operate several warehouse supermarkets. The department stores, hotels, supermarkets and shopping malls established by Wu are now being managed by the President Group (大統集團).