Miniso acquires 29.4% equity of Yonghui Superstores, becoming the largest shareholder of Yonghui Superstores
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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"
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