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==History==
The company was founded in 2014 by So Hiu-fan. So opened the company's first ___location in a 40-square-foot space in the Apple Mall section of the [[Dragon Centre]] shopping mall in [[Sham Shui Po]], which she leased for {{currency|3000|HKD}} per month, soon after she [[Legal separation|separated]] from her ex-husband. The store initially sold low-cost jewellery and a small amount of stationery purchased online from [[mainland China]], with teenage schoolgirls being its main target audience. Later that year, So expanded the store by leasing ten shop spaces in the Apple Mall, giving a total area between 300 and 400 square feet, and rebranded the store "Cheap Lab" along with introducing its logo.<ref name="MP">{{cite web |author1=薛偉傑 |title=打執笠旗號 執笠倉成文具店新貴 創辦人堅守初衷——毋須賺到盡 |url=https://www.mpfinance.com/fin/daily2.php?node=1553797164702&issue=20190329 |website=Ming Pao |accessdate=19 December 2019 |language=zh-HK |date=29 March 2019}}</ref>
Cheap Lab opened its second ___location at [[Cheung Sha Wan Road]] in Sham Shui Po. As the company was able to attract a wider range of customers owing to the shop's ___location on a busy street, the company expanded the types of products it sold to include more types of stationery, household items and [[smartphone]] accessories. So met Law Ka-cheung, her current husband, in 2016;<ref>{{cite web |author1=鄺月婷 |title=【執笠倉】3萬儲蓄起家 5年狂開10間舖 老闆娘親解「達陣」經過 |url=https://www.hk01.com/%E5%B0%88%E9%A1%8C%E4%BA%BA%E8%A8%AA/314366/%E5%9F%B7%E7%AC%A0%E5%80%89-3%E8%90%AC%E5%84%B2%E8%93%84%E8%B5%B7%E5%AE%B6-5%E5%B9%B4%E7%8B%82%E9%96%8B10%E9%96%93%E8%88%96-%E8%80%81%E9%97%86%E5%A8%98%E8%A6%AA%E8%A7%A3-%E9%81%94%E9%99%A3-%E7%B6%93%E9%81%8E |website=HK01 |accessdate=19 December 2019 |language=zh-HK |date=9 April 2019}}</ref> Law's parents founded stationery wholesaler Tung Fong Stationery Co. and operated the company for 30 years. Law joined Cheap Lab as a shareholder, injecting capital and introducing new sources for [[procurement|procuring]] products, such as by bypassing wholesalers and [[Parallel import|directly importing]] products from a Korean manufacturer. The company opened six new locations in 2016. As of 2018, the company operates ten locations in Hong Kong.<ref name="MP"/>
==Operations==
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