Lin Liu
Lin Liu, 33, is a Chinese entrepreneur known for founding the Yoyoso and Miniso retail chains in New Zealand, specializing in budget home goods and toys. His business empire collapsed in late 2023, leading to the liquidation of at least 33 companies he was involved with, resulting in over $61 million in debts primarily owed to external creditors. Liu's rapid rise began in 2019 when he opened his first Yoyoso store at just 25 years old, but the financial struggles of his businesses, exacerbated by high rents and declining foot traffic, ultimately led to his current bankruptcy proceedings.
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Lin Liu was the main shareholder in the Yoyoso and Miniso retail chains that have gone into liquidation.
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