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Chen appears to be on a winner. He rolled out the company's first 24-hour unattended convenience store in northern Shanghai's Yangpu district last month.

Cheng said of the family's decision to sell, "We would like the world to know more about Mr. and Mrs. Pei after their passing."

Chen sold his first batch of clothes in a week and raked in a 300 yuan profit. That was several times the amount one could make in an entire month.

Chen's company has been developing steadily in the country over the past years. He has forged a sales network with local stores, wholesalers and agents, providing products such as disposable bags, shopping bags and storage supplies.

Chen Zhaohui, president of Baijia Food, believes it is important to seize the opportunity of the emerging market of instant Chinese delicacies.