Chinese Restaurant Adopts “Pay What You Want” Policy, Loses $15,000 in a Week
A naive restaurant owner in Guiyang, China, who thought that appealing to people’s inherent goodness would be a good way to attract customers to his new karst cave-themed restaurant, managed to lose over 100,000 RMB in just seven days. Liu Xiaojun and his two business partners did the math, and decided that promoting their new restaurant […]
Chinese Restaurant Allows Patrons to Pay What They Want, Is Obviously Losing Money
A small, self-service restaurant in China’s Fujian province runs on a unique concept – no bills! The owner expects diners to pay whatever they think is the true price of the meal. Predictably, many people don’t pay anything at all. The restaurant, called Five Loaves and Two Fish, opened this August in downtown Fuzhou. It is […]