Ye Guofu and Yu Donglai met for the first time, emphasizing product quality over price competition
On November 27th, Ye Guofu, the founder, chairman, and CEO of Miniso Group, met for the first time with Yu Donglai, chairman of Pang Donglai. Ye Guofu stated that Miniso has always advocated for high-quality and affordable consumption, promoting a return to the essence of consumption, focusing on quality, innovation, and products, rather than price competition. Yu Donglai believes that entrepreneurs should enjoy running their businesses, products must have world-class quality, be good to people, and be well-made. Products should have reasonable profits; otherwise, it will affect creativity. It is reported that both parties may engage in in-depth cooperation on quality retail in the future
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