Jiangsu Wuxi Commercial Mansion Group Co.£¬Ltd. (CMGC) is one of top 100 large retail department stores in China. In 1999£¬the total sales amount reached over RMB1.6 billion£¬which was number one in Jiangsu Province, and the sales amount of 2000¡¢2001¡¢2002 respectively reached over RMB2.0 billion¡¢RMB2.3billion and 2.7billion. The registered capital of the corporation is more than RMB100 million and the value of fixed assets is RMB440 million.
CMGC has achieved success in not only retail business but also in foreign trade. Last year the total figure of export business hit USD16.38 million. CMGC is also interested in the utilization of foreign capital. It has invested in several joint ventures in Wuxi with foreign partners from Japan and other countries utilized foreign capital totaled USD40 million.
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