Shanghai New World Co., Ltd. owns and operates department stores in China. The company distributes Chinese herbal medicines; and sells Chinese patent medicines, western medicines, ginseng and antler tonics, nutritional health products, medical equipment, etc. It also engages in hotel, investment advisory and management, property and project management, advertising, dining, entertainment, e-commerce, clothing, trading, tourism, and leisure businesses, as well as provides Chinese herbal medicine consultation and prescription services. The company was founded in 1988 and is headquartered in Shanghai, China.