Three people have been arrested over the incident, which comes at a time of heightened safety concerns among ethnic Chinese residents of Paris following a fatal attack on a tailor last month and a series of muggings.
The shop owner was on his way to his home in Bobigny to the northeast of Paris at around midnight on Tuesday when two men confronted him, seized some of his possessions and forced him to lead them to his apartment, according to police sources.
Two accomplices joined them there and the gang overpowered the man and his 18-year-old son when they tried to fight back, before stealing the cash.
The man's 53-year-old wife was also present at the time.
Police said the attack followed a familiar pattern.
“It's the same every time. A team (of thieves) spots a shop owner near the textile area, follows him and attacks him at his home,” a police source said.
More than 10,000 ethnic Chinese staged a protest march in Paris last Sunday over the fatal attack on tailor Zhang Chaolin, 49, calling for increased security.
Attacks in the suburb of Aubervilliers, which has a large Chinese population, have tripled in the past year from 35 to 105.