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CNBC AI News, July 24th – Yu Donglai, the visionary founder of Pang Dong Lai, is setting his sights on a new frontier: the infant formula market.
Yu Donglai recently announced via his Douyin account that Pang Dong Lai is accelerating the development and planning of milk powder and other dairy products, aiming to focus on essential food supplies, food safety, and improving overall quality of life.
While specific product details, potential partnerships, and launch timelines remain under wraps, the announcement has already ignited considerable buzz among Chinese consumers.
The news has been met with enthusiasm online, particularly from expectant mothers. Comments ranged from expressions of anticipation to playful urgings for Pang Dong Lai to expedite their R&D efforts. “This is so Pang Dong Lai,” one user commented, “everything for the next generation!” Others expressed hope for a reliable domestic alternative, stating “I hope I can get safe milk powder by the end of this year, because my baby will be born then, hurry up with the research and development.” One commenter simply stated: “Thanks, Brother Donglai, for making things the way they should be.” Another user jokingly remarked, “If you say so, then I’ll prepare for a second child!” showcasing the high level of consumer trust and brand loyalty.
Pang Dong Lai has cultivated a reputation for exceptional customer service and stringent quality control, leading to consistently long queues and a devoted customer base. This has earned them the nickname “China’s Retail Industry Ceiling” and “A 6A-Rated Tourist Attraction with No Off-Season” among Chinese netizens.
According to reports, Pang Dong Lai invested in its own central kitchen in 2023, establishing five major production lines for baked goods, cooked foods, soy products, aquatic vegetables, and Chinese pastries, all aimed at providing consumers with high-quality products.
Pang Dong Lai stores also feature dedicated food safety testing labs. Each batch of fruits and vegetables destined for sale is meticulously tested, and any products that fail to meet their rigorous standards are immediately rejected.
Founded in March 1995 in Xuchang City, Pang Dong Lai Commercial Group has expanded to include a network of 13 stores across Xuchang and Xinxiang.
This includes five comprehensive department stores, seven medium-sized community supermarkets, one specialized apparel and footwear store, a central kitchen, two logistics centers, and a developed system of private label brands and online sales platforms.
Their business covers supermarkets, department stores, electrical appliances, clothing, catering, medicine, jewelry, tea, movies, video games, books, and eyeglasses.
In 2024 alone, Pang Dong Lai generated nearly 17 billion yuan in sales, contributing over 600 million yuan in taxes and achieving 800 million yuan in profits, while maintaining an average monthly employee income of 9,000 yuan.
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Original article, Author: Tobias. If you wish to reprint this article, please indicate the source:https://aicnbc.com/5479.html