The company is a core enterprise under Bailian Group Co., Ltd. In July 2011, Shanghai Friendship Group Co., Ltd. absorbed and merged with the original Bailian shares. After the restructuring, Friendship Co., Ltd. changed its name to Bailian Co., Ltd. in August 2014. Bailian Co., Ltd. is a first-class large-scale comprehensive commercial stock listed company in China. Key indicators such as asset size and sales scale have always ranked among the top A-share commercial listed companies. The company's core business is department stores, supermarket chains, shopping centers, and outlets. The company received honors such as the 2006-2010 Law-abiding Management Demonstration Enterprise Medal, the 2012 China Main Board of Directors Listed Company Award, the 2012 National Advanced Employment Enterprise Certificate, the 2012 Retail Innovation Award, and the 2012 China Commercial Real Estate Leadership Enterprise Award.