logo
Chinese graduate quits top university, PhD plan to start mashed potato stall: ‘I don't feel embarrassed'

Chinese graduate quits top university, PhD plan to start mashed potato stall: ‘I don't feel embarrassed'

Mint27-04-2025

A 24-year-old man from China has become popular on social media after quitting his master's degree at Fudan University in Shanghai to open a street food stall. Fei Yu's decision has attracted attention, with many people talking about his story online.
Fei grew up in a poor family in Leshan, Sichuan province. Despite his humble beginnings, he worked hard to get into Sichuan University, where he studied public health and graduated first in his class. His impressive academic record helped him secure a place at Fudan University's graduate school without needing to take an entrance exam, according to a report by the South China Morning Post.
However, after just one term at Fudan, Fei decided to leave. He said that the pressure from his studies, along with depression, insomnia, and stomach problems, made it impossible for him to continue. He also mentioned mistreatment from his mentor but did not name the teacher involved. "I could not continue my study any longer," he explained.
After staying at home for a year, Fei applied for PhD programmes in preventive medicine in the United States. He was accepted with a scholarship, but funding cuts during Donald Trump's presidency meant that the school withdrew its financial support. Fei was then unable to afford his studies abroad.
Coming from a simple background—his father worked as a coal miner and his mother did various odd jobs—Fei decided to try something different. He remembered selling balloons with his grandmother as a child and working in part-time sales during university. He decided to start his own business and opened a mashed potato stall near Fudan University on 10 March.
"So far, the business performance has been satisfactory," Fei said, explaining that he earns between 700 and 1,000 yuan (around US$100–140) a day. His food has become popular, and customers often line up to buy it.
Fei has no regrets about his decision. 'I do not feel embarrassed at all. I am an outgoing person,' he said. 'If they think the flavour of my food is nice, they will definitely return to buy.'
Although some critics believe he has wasted his education, Fei disagrees. "I do not think it is a pity that I discontinued my master's degree studies and did not take up a job related to my major. In my opinion, the result is not so important, but the process is."
Fei spends around four hours every day preparing food before opening his stall at 5pm. He often sells out within two to three hours. "It is exhausting. But I do not have any psychological pressure from academic studies. Extracting myself from studying or doing science research, I feel I have entered a new world," Fei said.
First Published: 27 Apr 2025, 12:42 PM IST

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Nykaa's Shailendra Singh joins D'Moksha as co-founder and COO
Nykaa's Shailendra Singh joins D'Moksha as co-founder and COO

Time of India

time15 minutes ago

  • Time of India

Nykaa's Shailendra Singh joins D'Moksha as co-founder and COO

New Delhi: Shailendra Singh , former Business head – physical retail at Nykaa , has joined US-based home décor brand D'Moksha as co-founder and chief operating officer (COO), the company said in a press release on Thursday. An alumnus of IIM Lucknow, Singh brings over two decades of experience across consumer goods, retail, and e-commerce. He previously held leadership roles at Hindustan Unilever, where he led sales, brand strategy, and digital transformation across key categories, before joining Nykaa to expand its offline and omnichannel retail footprint. 'His leadership across digital and physical retail, combined with deep operational acumen, makes him a powerful addition to our founding team. Together, we're poised to scale our U.S. success and make a meaningful impact in India,' said Manav Dhanda, Co-founder & CEO. The company is currently piloting a home consultation-led curtain service in India, which includes real-size fabric trials and digital visualization. A national rollout is expected in the coming months.

India's retail inflation likely declined further to 2.7% in May: BoB Report
India's retail inflation likely declined further to 2.7% in May: BoB Report

Time of India

time15 minutes ago

  • Time of India

India's retail inflation likely declined further to 2.7% in May: BoB Report

Retail inflation in India is expected to have eased to 2.7 per cent in May 2025, according to a report by Bank of Baroda (BoB). The Ministry of Statistics and Programme Implementation, Government of India, is likely to release the official Consumer Price Index (CPI) data later in the day. In April, CPI inflation was 3.16 per cent. The report highlighted that expected moderation was largely led by a decline in food inflation, offering some relief to consumers and policymakers alike. This projection signals continued stability in domestic price levels and reflects the impact of improving food supply conditions. The report said, "In India, CPI inflation is expected to moderate to 2.7 per cent in May'25 (BoB Estimate), led by softening food inflation". The report noted that the moderation in India's Consumer Price Index (CPI) was in line with expectations and highlighted a positive trend in inflation control efforts. A softening in food prices contributed significantly to the drop, helping CPI inflation settle below the Reserve Bank of India's (RBI) medium-term target range. The report also highlighted that the retail inflation in the United States showed signs of cooling. The US CPI increased by just 0.1 per cent month-on-month in May 2025, lower than the estimated 0.2 per cent and down from 0.2 per cent in April. The decline was mainly driven by a sharp drop in gasoline prices, even as food and shelter prices rose. This softer inflation data from the US has fueled expectations that the Federal Reserve may resume interest rate cuts. The probability of a rate cut in September 2025 has now risen to 60 per cent, compared to about 53 per cent just two days ago on June 10. The report also highlighted "Separately, investors also monitored comments from the US and China on the recently concluded trade talks, while awaiting the fine print of the agreement". Market reactions have been mixed. US stocks on Wednesday reflected a cautious mood as the softer inflation figures raised concerns over the strength of future economic growth. On the other hand, Asian equities showed resilience, buoyed by the positive developments in US-China trade relations. Overall, the moderation in inflation in both India and the US provides some breathing space for central banks and sets the stage for potential shifts in monetary policy.

World shares mixed as markets shrug at latest China-US trade deal
World shares mixed as markets shrug at latest China-US trade deal

Mint

time35 minutes ago

  • Mint

World shares mixed as markets shrug at latest China-US trade deal

Tokyo, World shares were trading mixed early Thursday after Wall Street's rally stalled, as investors appeared not to react much to the results of the latest round of China-US trade talks. Germany's DAX lost 0.7 per cent to 23,787.77 and the CAC 40 in Paris slipped 0.4 per cent to 7,744.41. Britain's FTSE 100 was nearly unchanged at 8,863.07. The futures for the S&P 500 and the Dow Jones Industrial Average were down 0.3 per cent. In Asian trading, Japan's Nikkei 225 lost 0.5 per cent to 38,216.06. Hong Kong's Hang Seng sank 0.5 per cent to 24,234.80, while the Shanghai Composite index edged 0.1 per cent lower to 3,404.66. In South Korea, the Kospi gained 0.9 per cent to 2,933.44, while Australia's S&P/ASX 200 edged 0.1 per cent higher to 8,604.50. Taiwan's Taiex lost 0.8 per cent. On Wednesday, the S&P 500 fell 0.3 per cent to 6,022.24 for its first loss in four days. The Dow Jones Industrial Average was virtually unchanged at 42,865.77 after edging down by 1 point. The Nasdaq composite slipped 0.5 per cent to 3,400.30. Several Big Tech stocks led the way lower, and a 1.9 per cent drop for Apple was the heaviest weight on the market. It's been listless this week after unveiling several modest upcoming changes to the software that runs its devices. The action was stronger in the bond market, where Treasury yields eased after a report suggested President Donald Trump's tariffs are not pushing inflation much higher, at least not yet. US consumers had to pay prices for food, gasoline and other costs of living that were 2.4 per cent higher overall in May than a year earlier. That was up from April's 2.3 per cent inflation rate, but it wasn't as bad as the 2.5 per cent that Wall Street was expecting. A fear has been that Trump's wide-ranging tariffs could ignite an acceleration in inflation, just when it had seemed to get nearly all the way back to the Federal Reserve's 2 per cent target from more than 9 per cent three summers ago. It hasn't happened, though economists warn it may take months more to feel the full effect of Trump's tariffs. Trump said Wednesday that China will supply rare-earth minerals and magnets to the United States, while his government will allow Chinese students into US universities in a deal that still needs an agreement by him and by China's leader. Trump also said that 'President XI and I are going to work closely together to open up China to American Trade. This would be a great WIN for both countries!!!' Investors are still hoping for a more sweeping trade deal that would ease tensions between the world's two largest economies. Hopes for such deals between the United States and countries around the world have been one of the main reasons the S&P 500 has charged nearly all the way back to its all-time high after dropping roughly 20 per cent below a couple months ago. Without them, the fear is that Trump's high tariffs could drive the economy into a recession while pushing inflation higher. The S&P 500 is now sitting 2 per cent below its record. Tesla swung between gains and losses before finishing with a rise of 0.1 per cent to continue its shaky run. It's been recovering much of its big losses taken last week after Elon Musk's relationship with Trump imploded, which in turn raised fears about a loss of business for the electric-vehicle company. Musk on Wednesday backed away from some of his earlier comments and said they went 'too far.' In the bond market, the yield on the 10-year Treasury eased to 4.41 per cent from 4.47 per cent late Tuesday. Shorter-term yields, which more closely track expectations for what the Federal Reserve will do with overnight interest rates, fell more. Wednesday's better-than-expected reading on inflation raised expectations along Wall Street that the Fed could cut its main interest rate at least twice by the end of the year. In other dealings early Thursday, US benchmark crude oil lost 46 cents to USD 67.69 per barrel. Brent crude, the international standard, shed 53 cents to USD 69.24 per barrel. The US dollar slipped to 143.90 Japanese yen from 144.60 yen. The euro rose to USD 1.1518 from USD 1.1487. GRS GRS

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store