Grandbuy

The predecessor of Guangzhou Grandbuy Co., Ltd. can be traced back to Meihua Department Store, which opened in Guangzhou in 1948. It is now a mainboard-listed company on the Shenzhen Stock Exchange (002187.SZ), a core enterprise in the "Grand Commerce" industry of Lingnan Group, and a key chain operation leading enterprise recognized by the Guangdong Provincial Government. It has been selected as one of China's Top 100 Chain Enterprises for many consecutive years. Grandbuy owns nationally renowned retail brands such as "Grandbuy," "Friendship," and "Xindaxin," and manages "Li Zhanji," the state-owned convenience store chain brand "8 Convenience," as well as multiple sub-brands including "Grandbuy Department Store," "Grandbuy Plaza," "Grandbuy Appliances," "Grandbuy Supermarket," and "Grandbuy Gold." The total operating area of its stores is approximately 600,000 square meters, with over 3.3 million members. It has established strategic cooperative relationships with more than 5,000 high-quality international and domestic brands, presenting a business structure with prominent main business and diversified synergies. It carries the widest range of cosmetic brands in South China. It has deepened the development of marketing brands such as "Grandbuy Night," "Friendship International Fashion Festival," and "Chinese Style Extravaganza," focusing on the first-store economy to precisely unleash urban consumption potential.
As a main force in Guangzhou's construction of an international consumption center city, Grandbuy actively expands synergistic business formats such as community supermarkets, Grandbuy Gold, Grandbuy Appliances, and Grandbuy-themed concept stores. It manages and operates Grandbuy Commercial Management Company and Grandbuy Digital Technology Company, building a cohesive commercial ecosystem, and deeply advancing its strategic layout of "rooting in Guangzhou, embedding in the Greater Bay Area, and reaching out to the whole country." Centering on Lingnan Group's strategic vision of "dedicated to quality service and achieving a better life," Grandbuy fully leverages the empowering role of "quality + digital intelligence + capital," comprehensively creating new quality productive forces integrating "product strength, supply strength, marketing strength, service strength, and brand strength," making greater contributions to supporting Guangzhou in building an international consumption center city and advancing the practice of Chinese-style modernization in Guangzhou.