Pangdonglai, a supermarket chain, forecasts 40% sales increase, but not enough funds?

The provincial party committee publicity department of henan announced on october 28 that the viral supermarket chain pangdonglai (, lit.

Fat donglai, also dl) is.

The number comes as a result of modernization's progress in the city.

However, many online jokes that the company's founder and chairman, yu back in april when he said he was worried that it earned too much money this year.

Yu admits that he had intended to earn 30 million rmb (4.20 million usd) last year, but instead, pangdonglai's net income reached 140 million rmb (19.62 million usd) in 2023, with only 13 million rmb (19.62 million usd) in 2023. many online retailers in henan province, including xuchang and xinxiang, are tier 3 cities.

(###) several online stores are listed on weibo, china's twitter equivalent, "profit of a single pangdonglai store overtakes all public trading stores.

Pangdonglai gained traction for the same reasons netizens adore it, as well as great compensation and healthcare for its employees, but many others want to expand into their own cities.

The supermarket chain turned the tide around after learning that great value products and treating your employees well could make you a success.

Xinba, the top livestreamer, has also visited pangdonglai to get inspiration for his own supermarket design.