After a big NYSE debut, the Chinese retailer could face an uphill battle.
Tegucigalpa in Honduras. Guangzhou in China. Tashkent in Uzbekistan. Antananarivo in Madagascar. And Los Angeles in the United States. You can find a Miniso store in every one of those cities. The Chinese retailer, modeled after Japan’s 100-yen variety stores, has created a formidable empire since its founding in 2013.
Miniso has 2,500 stores in China and another 1,700 in more than 60 countries abroad, selling products from snacks to clothes and accessories to home goods. To keep customers
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Bob Fu's relationship with China has gone through phases. First, he thought money would solve his problems there; then he joined protesters at Tiananmen Square, thinking the politics could change. In the end, he determined, only God could save China, and he's been fighting for religious freedom in China ever since he resettled in Texas. With his nonprofit, ChinaAid, prospering like never before, he says the U.S. is finally catching on.
A podcast about how the two nations, once friends, are now foes.
Hear why things are so complicated now. Host Jane Perlez, former New York Times Beijing bureau chief, talks with diplomats, spies, cultural superstars like Yo Yo Ma, and more to understand why the dangers are so high, and why relations went awry.