Wumart Stores Inc. Wùmei (Chinese for "good product"; Public= SEHK: 8277) is a Chinese retail company that was founded in 1994. The company has about 430 stores, 330 of which are convenience stores and 100 of which are hypermarkets. The stores are located primarily in the Chinese cities of Beijing, Tianjin and the cities of Hebei province. The company's stores sell products that range from food to general merchandise from Chinese and Western brands such as Procter & Gamble, Unilever, and Colgate. Wumart also owns a 25% stake in Chao Shifa, a Chinese supermarket company. In 2006, the company's founders were investigated by the People's Republic of China, which briefly froze all trades of the company's shares.Wumart is often compared to the American company Wal-Mart due to their similarities in business models.