Who owns Yonghui?
Yonghui is not wholly owned by any single company recorded here: MINISO (China, NYSE: MNSO) holds a 29.4% stake.[1]
Evidence: MINISO Group Holding Limited Annual Report on Form 20-F filed 2026-04-24, SEC EDGAR, 24 April 2026. Verified from filings; last checked .
Key facts
- Largest stakeholder
- MINISO Group Holding Limited (29.4% stake) verified
- Headquarters
- 🇨🇳 China, Guangzhou
- Origin
- 🇨🇳 China
- Category
- Home, garden & DIY › Retailer own brands › Grocery own brands
- Parent ticker
- NYSE: MNSO HKEX: 9896
- Last verified
- · 1 sources
About Yonghui
Yonghui Superstores Co., Ltd. is a retail chain operator in China. MINISO's 20-F says it agreed in September 2024 to buy 29.4% of Yonghui's shares for about RMB6.3 billion, and accounts for it as a material associate under the equity method, not a subsidiary. The group calls Yonghui a strategic partner in the retail industry. MINISO holds a minority stake only.
What MINISO's annual report says about Yonghui
Sentences about Yonghui from MINISO's latest annual filing[1], copied word for word.
For example, in early 2025, we completed the acquisition of an aggregate of 29.4% of the issued and outstanding shares of Yonghui Superstores Co., Ltd., a retail chain operator in China, for a total cash consideration of approximately RMB6.3 billion.
In September 2024, we entered into share purchase agreements with certain shareholders of Yonghui Superstores Co., Ltd., or Yonghui, to acquire an aggregate of 29.4% of the issued and outstanding shares of Yonghui Superstores Co., Ltd. for a total cash consideration of approximately RMB6.3 billion, or the Acquisition.
The year-over-year increase in net finance costs was due to (i) increased interest expenses in relation to the 2032 Securities and the bank loans used for acquisition of the equity interest of Yonghui Superstores Co., Ltd., both of which have been excluded in non-IFRS financial measures, and (ii) increased interest expenses on lease liabilities corresponding to our investment in directly operated stores.
Ownership timeline of Yonghui
Where Yonghui sits in MINISO
Controlling ownership as of . Brands grouped under the entity that owns them; large groups are collapsed.
Open the full MINISO ownership tree →
See the full MINISO brand portfolio (2) →
Other brands owned by MINISO
MINISO controls 3 brands on Brandtree, 3 of them in home, garden & diy.
Also in home, garden & diy
Other brands in grocery own brands, and who owns them
The 168 brands in grocery own brands on Brandtree belong to 53 owners. The largest is Cencosud, with 12.
| Brand | Owner | Owner based in |
|---|---|---|
| Bretas | Cencosud | 🇨🇱 Chile |
| Lucerne | Albertsons | 🇺🇸 United States |
| City Gross | Axfood | 🇸🇪 Sweden |
| Chalo | Empire | 🇨🇦 Canada |
| Checkers | Shoprite Group | 🇿🇦 South Africa |
| Amanhecer | Jerónimo Martins | 🇵🇹 Portugal |
| K-Citymarket | Kesko | 🇫🇮 Finland |
| Farmer's Market | Loblaw | 🇨🇦 Canada |
About the owner: MINISO
MINISO is a publicly listed company headquartered in Guangzhou, China.
MINISO Group Holding Limited is a Cayman Islands company with principal executive offices in Guangzhou, listed on the New York Stock Exchange (ADSs, MNSO) and the Hong Kong Stock Exchange (9896). Its 20-F says it has incubated two brands, MINISO and TOP TOY, since opening its first store in China in 2013, and in 2025 acquired 29.4% of the supermarket chain Yonghui Superstores, which it accounts for as an associate. TOP TOY filed to list separately in Hong Kong in March 2026.
🇨🇳 Yonghui and other Chinese brands
Brandtree records a controlling owner for 319 brands that began in China. 39 of them (12%) are now controlled by a company headquartered in another country; Yonghui is not one of them.
Frequently asked questions
Who owns Yonghui?
No single company recorded here owns Yonghui outright. MINISO holds a 29.4% stake.
Does MINISO control Yonghui?
No. A 29.4% holding does not give control, so MINISO shares ownership with others.
Where did Yonghui come from?
Yonghui originated in China.
Sources (1) & corrections
Last verified . Every ownership fact above is backed by one of these primary documents. Numbers in brackets in the text refer to this list.
- [1] MINISO Group Holding Limited Annual Report on Form 20-F filed 2026-04-24 — SEC EDGAR, SEC Form 20-F, published 24 April 2026; retrieved 4 October 2026.
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