Shanghai Xiaonanguo Lunar New Year's Eve dinner deposit is difficult to refund.

date
10/02/2026
Recently, several branches of Shanghai Xiaonanguo suddenly stopped operations, and the related news became a hot topic on Weibo. The "BUG" column dialed the phone numbers of its Shanghai headquarters, Hong Kong office, investor relations, and media relations today, but surprisingly, all these numbers were unreachable. #Shanghai Xiaonanguo headquarters phone numbers are unreachable# The "BUG" column also found that beneath the surface of the store closures, there were multiple conflicts erupting: consumers' pre-paid deposits for New Year's Eve dinners cannot be refunded, a large number of employees have not been paid for months, the company has been experiencing continuous losses for years, and its asset-liability ratio is high. Formerly known as the "number one Chinese restaurant stock," the company is now at the center of public opinion in an extremely "undignified" manner.