Review:From Peasant to Tycoon: The "Silliest Boss in China" Wins Hearts
Retail giant in China is stirring up discussions on social media with controversial new rules that require employees to reject bride prices, forgo extravagant weddings, and avoid depending on their parents for purchasing houses or cars.
On November 20, Yu Donglai, founder and chairman of Pang Dong Lai, a retail chain based in central China's Henan province, announced that the company will implement new measures next year to promote employee "independence" and a "rational, high-quality" lifestyle.
The measures prohibit bride prices and lavish weddings, capping banquets at five tables, while encouraging employees to refrain from relying on their parents to buy them houses or cars.