Historical background of Shixian department store

The first large department store with national capital founded by overseas Chinese in modern China. 1900, Ma Yingbiao, an overseas Chinese in Sydney, Australia 12 raised 25,000 Hong Kong dollars to set up a pioneer company in Hong Kong. 1909 was registered with the Hong Kong government, reorganized into a company limited by shares, and increased its capital to HK$ 200,000. 19 12 established Shixian Company in Guangzhou with a capital of HK$ 400,000. 19 14 established Shixian Company in Shanghai with a capital of HK$ 2 million. 19 17 set up a branch in Singapore (tail number 1923) and a branch in Kobe, Japan (tail number 1920). At the beginning, the pioneer companies in Hong Kong, Guangdong and Shanghai were joint, with relatively independent finance, operation and personnel. The merger was implemented from 19 19, with a unified contribution of HK$ 7 million from the Hong Kong head office. 1922 set up a village in London, England (ended at 1936). The capital of 1929 was increased to100000 Hong Kong dollars. Established a branch in Macau on 1935 (as of 1953). After the founding of the People's Republic of China, Shanghai and Guangdong were taken over by state-owned enterprises. 1954. The Hong Kong head office continued to develop and set up a Kowloon branch in 1963, and 1972 increased its capital to 1 billion Hong Kong dollars.