Miniso (HKG:9896) is looking to turn around loss-making Chinese supermarket chain Yonghui Superstores in the wake of US tariffs against China, Nikkei Asia reported Wednesday.

The retail chain holds about a 30% stake in Yonghui, which has 700 stores in the mainland, the report said.

Under Miniso Chief Executive Ye Guofu, Yonghui could close between 250 to 300 branches by the end of 2025, Nikkei Asia reported, citing Chinese media.

Yonghui also intends to overhaul its supply chain and boost the share of private-brand products to 40% of sales, the report said.

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