Chinese eatery loses ₹10 L due to 'Pay What You Want' policy
A Chinese restaurant reportedly lost nearly ₹10 lakh (100,000 RMB) in a week after adopting a 'Pay What You Want' policy. Many of the visitors at the cave-themed restaurant paid only 10% of the cost of their meal, while some left even lesser amounts. The policy is a pricing strategy where buyers pay what they feel like for purchased goods.