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Chinese retailer Miniso's annual loss widens to $215m on lockdowns

Sales rebound in latest quarter as overseas markets recover

Miniso opened 406 stores across China alone over the year ending in June. (Photo by Takashi Kawakami)

GUANGZHOU -- Chinese discount store operator Miniso amassed a net loss exceeding 1.4 billion yuan ($215 million) for the year ended in June as the coronavirus pandemic deepened the company's red ink.

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