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China girl, 12, uses lai see money to buy shop, paying mum US$440 salary to run it for her

Entrepreneurial youngster juggles schoolwork with mapping out business strategies, dealing with suppliers; online observers tip her for the top

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A 12-year-old girl in China used her lai see money and savings to buy a stationery shop and then hired her mother to run it for her. Photo: SCMP composite/Douyin
Zoey Zhang

A 12-year-old girl from central China showed her business acumen by using her savings to buy a stationery shop and hiring her mother for 3,000 yuan (US$440) a month.

Li Yue, who lived in Jiangxi province and received over 44,000 yuan (US$6,400) in lai see during the Spring Festival, decided to invest the money in a business.

She believed that depositing the money in the bank would offer an interest rate too low to keep up with inflation.

Li Yue pulls up the shutters of her shop at the start of another busy day. Photo: YouTube
Li Yue pulls up the shutters of her shop at the start of another busy day. Photo: YouTube

While on her way to the bank, Li spotted a stationery shop for sale and decided to seize the opportunity.

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Despite her mother’s caution about potential risks of loss, Li remained determined and used her lai see money to buy the store.

During the holiday, she took responsibility for stocking up on products and managing the business.

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When school resumed in March, Li hired her mother with a monthly salary of 3,000 yuan.

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