A graveyard on the outskirts of Shanghai. China’s middle-class is bringing ‘spring to the funeral industry’, according to Bai Xiaojiang, chairman at Fu Shou Yuan International. Photo: Reuters
China’s biggest funeral services provider plans to launch virtual graves, reports 17 per cent increase in net profit
- Sales of ‘pre-need’ funeral services increased by 111.7 per cent at Fu Shou Yuan International last year
- Revenue rises by 11.8 per cent but misses Bloomberg analysts’ consensus estimate of 1.9 billion yuan
A graveyard on the outskirts of Shanghai. China’s middle-class is bringing ‘spring to the funeral industry’, according to Bai Xiaojiang, chairman at Fu Shou Yuan International. Photo: Reuters
