Miniso acquires 29.4% equity of Yonghui Superstores, becoming the largest shareholder of Yonghui Superstores
Miniso acquired a 29.4% stake in Yonghui Superstores for RMB 6.3 billion, becoming its largest shareholder. The transaction includes the 21.1% stake held by Dairy Farm and the 8.3% stake held by JD.com, with expectations to further expand Miniso's offline retail footprint. This move is expected to drive transformation in the Chinese retail industry and create a "Chinese version of Sam's Club"
Miniso announced on the evening of September 23 that it will acquire 29.4% of Yonghui Superstores for 6.3 billion RMB on the Hong Kong Stock Exchange, including the 21.1% held by Niu Nai Company and the 8.3% held by JD.
According to the announcement, after the completion of the transaction, Miniso is expected to become the largest shareholder of Yonghui Superstores, further expanding its offline retail footprint. The success of the "Pindao Lai" model has triggered a major transformation in the Chinese supermarket industry, with the reformed Yonghui achieving breakthroughs in sales, customer traffic, and other dimensions. As a rapidly globalizing Chinese retail brand, the collaboration between Miniso and Yonghui is expected to create a "Chinese version of Sam's Club"