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Zhang Wenzhong
Zhang Wenzhong (Chinese: 张文中; born 1 July 1962), also known as Daniel Zhang, is a Chinese scholar and businessman who is the founder of Wumart, and the chairman of the board at Dmall.
Zhang is also a life member of the Council of the Nankai University and a distinguished professor there. He previously did postdoctoral engineering researches at Stanford University.
Zhang was born on July 1, 1962 in Jimo County (now Jimo District, Qingdao City). He earned a bachelor's degree of science in mathematics and master's degree in management from Nankai University. He graduated with a doctorate degree from the Institute of Systems Science of the Chinese Academy of Sciences. After that, he completed a postdoctoral fellowship at Stanford University School of Engineering.
In 1994, Zhang opened the first supermarket in Beijing under the name of Wumart Stores. It was listed on the Hong Kong Stock Exchange in 2003 and privatized in 2016.
Prior to founding Wumart, Zhang worked at the Development Research Center of the State Council of China, where he was engaged in macroeconomic research.
In 2006, Zhang was arrested based on unjust accusations. In 2008, the Hengshui Intermediate People's Court of Hebei province sentenced him to 18 years in prison on charges of misappropriation, bribery and fraud, and changed the verdict to 12 years for the final ruling in 2009.[citation needed] A total of RMB 52.1 million in fines was also ordered, which was a violation of personal and enterprise property rights.[citation needed]
While in prison, he refused to succumb to injustice and spent most of his time reading and researching.[citation needed] During that time he patented four of his own inventions, receiving one top prize and two first class scientific and technological progress awards at a provincial and ministerial level. He was granted early release.[citation needed]
On December 28, 2017, the Supreme People's Court announced a retrial for Zhang's case, followed by the work reports of the Supreme People's Court and Supreme People's Procuratorate delivered at the plenary session of 13th National People's Congress (NPC) in March 2018, that ruled his case as a wrongful conviction that is to be corrected to fully implement the property rights protection.
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Zhang Wenzhong
Zhang Wenzhong (Chinese: 张文中; born 1 July 1962), also known as Daniel Zhang, is a Chinese scholar and businessman who is the founder of Wumart, and the chairman of the board at Dmall.
Zhang is also a life member of the Council of the Nankai University and a distinguished professor there. He previously did postdoctoral engineering researches at Stanford University.
Zhang was born on July 1, 1962 in Jimo County (now Jimo District, Qingdao City). He earned a bachelor's degree of science in mathematics and master's degree in management from Nankai University. He graduated with a doctorate degree from the Institute of Systems Science of the Chinese Academy of Sciences. After that, he completed a postdoctoral fellowship at Stanford University School of Engineering.
In 1994, Zhang opened the first supermarket in Beijing under the name of Wumart Stores. It was listed on the Hong Kong Stock Exchange in 2003 and privatized in 2016.
Prior to founding Wumart, Zhang worked at the Development Research Center of the State Council of China, where he was engaged in macroeconomic research.
In 2006, Zhang was arrested based on unjust accusations. In 2008, the Hengshui Intermediate People's Court of Hebei province sentenced him to 18 years in prison on charges of misappropriation, bribery and fraud, and changed the verdict to 12 years for the final ruling in 2009.[citation needed] A total of RMB 52.1 million in fines was also ordered, which was a violation of personal and enterprise property rights.[citation needed]
While in prison, he refused to succumb to injustice and spent most of his time reading and researching.[citation needed] During that time he patented four of his own inventions, receiving one top prize and two first class scientific and technological progress awards at a provincial and ministerial level. He was granted early release.[citation needed]
On December 28, 2017, the Supreme People's Court announced a retrial for Zhang's case, followed by the work reports of the Supreme People's Court and Supreme People's Procuratorate delivered at the plenary session of 13th National People's Congress (NPC) in March 2018, that ruled his case as a wrongful conviction that is to be corrected to fully implement the property rights protection.
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