A group of Asian supermarkets and retailers have gone into liquidation across Auckland owning millions

BusinessDesk reports the Yoyoso group of companies, which includes Acecco supermarkets and Miniso stores, is led by Auckland-based Lin Liu.

Its reported the companies owe almost three million to China Construction Bank, more than two million to unsecured creditors and 940 thousand dollars to IRD.

The liquidators' report said most of the Yoyoso and Miniso stores would be closed throughout January.