Just in: Miniso will become the largest shareholder of Yonghui Supermarket
Miniso and Yonghui websites (screenshot)
Ye Guofu, chairman of MINISO, said that China's offline supermarkets are facing a structural opportunity that only comes once every 20 years. MINISO, Sam's Club and Costco are specialty retailers. He was impressed after seeing the first store that Henan Pangdonglai helped Yonghui to renovate. Sales after the renovation were booming.
Source
零售圈 | 澎湃新闻 | miniso.com | yonghui.com.cn