Advertisement
Trending in China
People & CultureTrending in China

Chinese boss sparks envy by allotting US$1.4 million from futures profits to 2,000 employees

Generous entrepreneur says act of largesse fulfils ‘long-held personal vision’, adds that generosity will continue into the future

2-MIN READ2-MIN
A food market boss in China has sparked envy by allotting US$1.4 million from gold futures profits to 2,000 employees. Photo: Douyin
Yating Yangin Beijing

A market owner in China has sparked jealousy online after distributing nearly 10 million yuan (US$1.4 million) in profits from gold futures investments among his more than 2,000 employees, including cooks and cleaners.

Liu Mingjun is a former musician who became an entrepreneur in 2021 and founded the Ronghe 1+1 Fresh Supermarket chain in Shanxi province, northern China.

Since its opening, Liu’s business has expanded to include 33 outlets in Shanxi province and has even extended into neighbouring Henan province, employing a total of 2,040 staff.

Advertisement

In an interview with Jiupai News on April 26, Liu said that he has distributed a total of 9.13 million yuan (US$1.25 million) in profits, which came from a one-year investment in gold futures.

The entrepreneur’s cash handout even stretched to staff members such as cooks and cleaners. Photo: Weibo
The entrepreneur’s cash handout even stretched to staff members such as cooks and cleaners. Photo: Weibo

“I specialise in futures trading and have been doing so for 20 years, but this is the first time I have made this much,” he said.

Advertisement
Advertisement
Select Voice
Select Speed
1.00x