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Chinese companies look to U.S. and Asia as growth slows at home
BEIJING — Some Chinese consumer brand names are searching for advancement overseas, in marketplaces like the U.S. and Southeast Asia. Just take Miniso, a Guangdong-primarily based vendor of toys and residence items. Occasionally known as China’s Muji, Miniso opened a flagship keep in New York City’s SoHo in February. The store’s gross merchandise worth — a measure of gross sales about time — is clocking all around $500,000 a month, with $1 million a month probably by December, founder and CEO Jack Ye advised CNBC in late June. A lot more importantly, he said that for immediately operated merchants in the United States, Miniso’s gross profit margin is very well…