Yu Donglai

Yu Donglai (Simplified Chinese: 于东来, 1966- ) is a Chinese businessman from Xuchang, Henan Province. He is the founder of Pangdonglai.

Career

Yu Donglai was born in 1966 in Xuchang. He graduated from Xuchang No. 7 Middle School and worked various jobs including scalping movie tickets, selling peanuts, and ice pops. In 1984, he started working at a rubber factory, but lost his job when the factory closed down^[1].

In 1995, with the help of his brother-in-law and sister-in-law, he opened a tobacco shop with an area about 40 square meters.

In August 1997, Yu Donglai renamed his store to "Pangdonglai Tobacco and Alcohol Co., Ltd. (胖东来烟酒有限公司)".

From 2000, Yu Donglai distributed company shares to employees, retaining only 10% for himself. In 2006, Pangdonglai opened a branch in Xinxiang. As of 2022, Pangdonglai has more than 30 chain stores in Henan Province, with more than 8,000 employees^[2].

References

^ "藏在顶流胖东来里的于东来 - 国内 - 环球人物网". www.globalpeople.com.cn. Retrieved 2024-11-21.
^ Beddington, Emma (2024-05-12). "Should all workers get unhappiness leave? It beats awaydays, work-life balance seminars and company yoga". The Guardian. ISSN 0261-3077. Retrieved 2024-11-21.

[1] "藏在顶流胖东来里的于东来 - 国内 - 环球人物网". www.globalpeople.com.cn. Retrieved 2024-11-21.

[2] Beddington, Emma (2024-05-12). "Should all workers get unhappiness leave? It beats awaydays, work-life balance seminars and company yoga". The Guardian. ISSN 0261-3077. Retrieved 2024-11-21.

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