Zhang Wenzhong Explained

Zhang Wenzhong
Birth Date:1 July 1962
Birth Place:Qingdao, Shandong[1]
Nationality:Chinese
Education:Chinese Academy of Sciences
Nankai University
Known For:Founder of Wumart

Zhang Wenzhong (; born 1 July 1962), also known as Daniel Zhang,[2] is a Chinese scholar and businessman who is the founder of Wumart,[3] and the chairman of the board at Dmall.[4]

Zhang is also a life member of the Council of the Nankai University and a distinguished professor there.[5] He previously did postdoctoral engineering researches at Stanford University.[6]

Early life and education

Zhang was born on July 1, 1962 in Jimo County (now Jimo District, Qingdao City).[1] He earned a bachelor's degree of science in mathematics and master's degree in management from Nankai University.[7] He graduated with a doctorate degree from the Institute of Systems Science of the Chinese Academy of Sciences.[7] After that, he completed a postdoctoral fellowship at Stanford University School of Engineering.[8]

Career

In 1994, Zhang opened the first supermarket in Beijing under the name of Wumart Stores.[9] It was listed on the Hong Kong Stock Exchange in 2003 and privatized in 2016.[10]

Prior to founding Wumart, Zhang worked at the Development Research Center of the State Council of China, where he was engaged in macroeconomic research.[11]

Wrongful conviction

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. A total of RMB 52.1 million in fines was also ordered, which was a violation of personal and enterprise property rights.

While in prison, he refused to succumb to injustice and spent most of his time reading and researching. 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.

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.[12] [13]

On May 31, 2018, his case was turned over by the Supreme Court of China. In its statement, the Supreme People's Court - after a final retrial - made the ruling that the original sentence was based on insufficient evidence and the laws applied were improper, quashing a guilty verdict for which he received an 18-year jail term ten years ago.[14] [15]

Timeline of Zhang's case

Address at the annual summit of China Entrepreneur Forum (CEF)

On February 28, he addressed the annual summit of China Entrepreneur Forum with the title Time Tries Devotion, Hearts Warm the World.His address won popular support nationwide. Part of the address was quoted in the media. "Although justice arrives late, shall it never be absent. Belated justice is still extremely precious." "I do not regret for maintaining my integrity, not compromising with my dignity and not breaching my own morality baseline. " "Love shines in the world, Justice cherished in hearts, Kinship and friendship deep as ocean.""Spring blooms in heart, Life enlightens with sunshine".[18]

Notes and References

  1. Book: Selected Cases from the Supreme People's Court of the People's Republic of China . Springer . 2019 . 978-981-15-0342-9 . 49 .
  2. Web site: Retail Digitalization and Unification of Online/Offline in China . US-Asia Technology Management Center . September 24, 2020 . https://web.archive.org/web/20240215105003/https://asia.stanford.edu/course/topics-in-international-technology-management/2020-digital-transformation-among-new-and-traditional-industries-in-asia/digital-transformation-within-retail/ . February 15, 2024 . live .
  3. Web site: Investors cannot get enough of Chinese e-grocers . . June 24, 2021 . https://archive.today/20211121101849/https://www.economist.com/business/2021/06/24/investors-cannot-get-enough-of-chinese-e-grocers . November 21, 2021 . live .
  4. Web site: 2020 China E-commerce Convention held at CIFTIS . . September 6, 2020 . https://web.archive.org/web/20240215072242/http://www.xinhuanet.com/english/2020-09/06/c_139345949_3.htm . February 15, 2024 . live .
  5. Web site: Nankai University "In Remembrance of Masters" Serial Awards Presented . . November 6, 2023 .
  6. Web site: China's Wumart Holds Its Own . . July 20, 2006 . Mei Fong . https://archive.today/20240216021811/https://www.wsj.com/articles/SB115333527926411402 . February 16, 2024 . live .
  7. Web site: Zhang Wenzhong: A Postdoc Inadvertently Becomes a Big Retailer . . Liang Guosheng . April 4, 2006 . https://web.archive.org/web/20060407073155/http://zqb.cyol.com/content/2006-04/04/content_1350378.htm . April 7, 2006 . live .
  8. Web site: Beijing’s tight grip on economy leaves tycoons on a tightrope . . June 10, 2018 . Wang Xiangwei . https://archive.today/20240215031722/https://www.scmp.com/week-asia/opinion/article/2149935/beijings-tight-grip-economy-leaves-tycoons-tightrope . February 15, 2024 . live .
  9. Web site: Xie Fei . Shi Tao . Wenzhong Zhang Gets Belated Justice . . May 31, 2018 . https://web.archive.org/web/20240215112947/https://www.dw.com/zh/%E6%98%94%E6%97%A5%E6%B0%91%E8%90%A5%E5%A4%A7%E4%BA%A8%E8%8E%B7%E5%BE%97%E8%BF%9F%E5%88%B0%E7%9A%84%E6%AD%A3%E4%B9%89/a-44018272 . February 15, 2024 . live .
  10. Web site: Platform for growth . . April 3, 2023 . Karen Ng . https://web.archive.org/web/20230403064624/https://www.thestandard.com.hk/section-news/fc/1/251278/Platform-for-growth . April 3, 2023 . live .
  11. Web site: Wumart founder Zhang Wenzhong was acquitted . . Lin Ping . May 31, 2018 .
  12. Web site: Sign that entrepreneurs' rights are better protected . China Daily . May 31, 2018 . https://web.archive.org/web/20180601144133/https://www.chinadaily.com.cn/a/201805/31/WS5b0ffafaa31001b82571d7f6.html . June 1, 2018 . live .
  13. News: In rare reversal, China court overturns magnate's decade-old graft conviction . . https://web.archive.org/web/20210518124610/https://www.reuters.com/article/us-china-bribery-magnate/in-rare-reversal-china-court-overturns-magnates-decade-old-graft-conviction-idUSKCN1IW0GW . May 18, 2021 . live .
  14. Web site: Chinese Retail Tycoon's Fraud Conviction Thrown Out . . May 31, 2018 . Joe McDonald . https://archive.today/20240216010216/https://apnews.com/general-news-8790540dcb4e4cb3862bb7a1ba6c8796 . February 16, 2024 . live .
  15. Web site: Property rights better protected . China Daily . Cao Yin ＆ Wang Zhuoqiong . June 4, 2018 . https://archive.today/20240215061827/http://www.chinadaily.com.cn/m/chinalic/2018-06/04/content_36340470.htm . February 15, 2024 . live .
  16. Web site: Wumart Chairman Zhang Resigns . . November 16, 2006 . Mei Fong . Jonathan Li . https://archive.today/20240216021750/https://www.wsj.com/articles/SB116360648743123954 . February 16, 2024 . live .
  17. Web site: Wumart tycoon's conviction thrown out. Cao Yin. China Daily . https://web.archive.org/web/20180713014703/http://africa.chinadaily.com.cn/a/201806/01/WS5b10ab68a31001b82571d9bf_2.html . July 13, 2018 . live .
  18. Web site: PROPERTY RIGHTS BETTER PROTECTED. 李松. www.chinadaily.com.cn. 2018-06-11.

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