Chinese boss sparks envy by allotting US$1.4 million from futures profits to 2,000 employees

A market owner in China has sparked jealousy online after distributing nearly 10 million yuan (US$1.4 million) in profits from gold futures investments among his more than 2,000 employees, including cooks and cleaners.

Liu Mingjun is a former musician who became an entrepreneur in 2021 and founded the Ronghe 1+1 Fresh Supermarket chain in Shanxi province, northern China.

Since its opening, Liu’s business has expanded to include 33 outlets in Shanxi province and has even extended into neighbouring Henan province, employing a total of 2,040 staff.

In an interview with Jiupai News on April 26, Liu said that he has distributed a total of 9.13 million yuan (US$1.25 million) in profits, which came from a one-year investment in gold futures.

“I specialise in futures trading and have been doing so for 20 years, but this is the first time I have made this much,” he said.