# Pangdonglai
Latest news and articles about Pangdonglai
Total: 2 articles found
When Founders Step Aside: What Yu Donglai’s Second Retirement Reveals About China’s Corporate Transition
Yu Donglai, founder of Henan retailer Pangdonglai, has formalised his retirement after a prior symbolic exit failed to stick. He has relinquished executive power to a decision committee while retaining an advisory role; the move — backed by explicit age limits for executives — is a rare example of a founder stepping aside at a company high point, but maintaining the firm’s culture without his magnetic leadership remains a key uncertainty.
Yonghui’s Costly Copycat Gambit: Why Mimicking Pangdonglai Is Deepening Its Losses
Yonghui’s 2025 results reveal a RMB 2.14 billion loss and the fifth straight year of deficits after an aggressive refit programme modeled on Pangdonglai. Traffic gains from the refits have not translated into profit because Yonghui has replicated the superficial features of Pangdonglai without its deep labour, procurement and trust‑based economics, leaving the chain cash‑strained and dependent on a risky RMB 3.1 billion fundraising round.