A 75-year-old Shanghai resident, identified by the surname Yu, has reportedly lost her entire life savings of three million yuan (US$450,000) due to predatory practices at a beauty salon. The funds were spent on a series of beauty and medical aesthetic treatments at a branch of the Yongqi Beauty and Hairdressing Company.

The situation was uncovered by Yu’s daughter, who noticed the total depletion of her mother's retirement funds. Following the discovery, the daughter contacted a local Shanghai television program to seek assistance and publicize the issue. While the report highlights the significant financial loss, it does not detail the specific nature of the medical procedures performed or the legal status of the salon's operations. The case has drawn attention to the vulnerability of elderly individuals to high-pressure sales tactics within the beauty industry. As of now, it remains unclear whether the salon has issued a formal response or if local authorities have launched an official investigation into the business practices of the company involved.