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Sheng Xue: the Inside Story of Yu Donglai, Boss of Pang Donglai, Writing a Will to Divide 4 Billion Yuan | Henan | Retail | 4 Billion Yuan Assets

Canadian Chinese writer Sheng Xue recently revealed that Yu Donglai, founder of Henan-based retail giant Pang Donglai, distributed 4 billion yuan in assets to his employees as a self-preservation measure after the Zhengzhou municipal government refused to use the money for the construction of a plaza. Sheng Xue disclosed that Yu Donglai had already written a will, anticipating that he "might be persecuted or even killed." This incident reflects …
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Canadian Chinese writer Sheng Xue recently revealed that Yu Donglai, founder of Henan-based retail giant Pang Donglai, distributed 4 billion yuan in assets to his employees as a self-preservation measure after the Zhengzhou municipal government refused to use the money for the construction of a plaza. Sheng Xue disclosed that Yu Donglai had already written a will, anticipating that he "might be persecuted or even killed." This incident reflects …

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大纪元 Epoch Times broke the news in on Friday, March 20, 2026.
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