Female tycoon spotted at Edison Chen's new Shanghai store

Ever since Edison Chen's new clothing boutique opened its shutters to the public in Shanghai last Saturday, the flow of business has been noticeably brisk for the Hong Kong singer-actor. He was previously rumoured to have received a lump sum of S$4 million in financial assistance from a wealthy female tycoon to open this shop in Shanghai.

Although such rumours have been vehemently denied by Edison himself, the 29-year-old was spotted being in the company of a wealthy lady on the night before the shop's opening. He was seen animatedly chatting and gesturing to various photographs to the female tycoon, as if introducing and explaining the shop's business to her.

Said female tycoon arrived at the shop at around 10pm the night before the shop's opening. Carrying a classic Chanel handbag, she lingered in the shop for about 30 minutes and spoke with a northern accent.

The singer laughed and waved off rumours which stated that his five boutiques in China were opened with the help of a female tycoon, "The news on the internet are fake. There is no such thing. This is my own hard work and money and I participated in the renovations. I even bought a pair of stone lions and coated them in gold myself."

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