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

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A 12-year-old girl named Li Yue from Jiangxi province, China, used her Spring Festival lai see money (over US$6,400) to purchase a stationery shop. Believing bank interest rates were too low, she sought a better investment opportunity. After spotting a shop for sale, Li decided to use her savings to buy it, despite her mother's initial reservations. She managed the business during the holiday before hiring her mother in March to run the shop for a monthly salary of 3,000 yuan (US$440) when school resumed.
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Key Claims (4)
AI-ExtractedLi Yue hired her mother with a monthly salary of 3,000 yuan (US$440).
Li Yue received over 44,000 yuan (US$6,400) in lai see during the Spring Festival.
A 12-year-old girl from central China used her savings to buy a stationery shop.
Li Yue believed that depositing the money in the bank would offer an interest rate too low to keep up with inflation.
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