Latest news with #MixueGroup
Wall Street Journal
07-07-2025
- Business
- Wall Street Journal
Chinese Bubble Tea Stocks Rise as Food-Delivery Platforms Brew Up Discount War
Shares of Chinese bubble-tea brands advanced as food-delivery platforms have stepped up discounts in a scramble to capture users, boosting tea beverage sales. Sichuan Baicha Baidao Industrial rose as much as 15% on Monday morning in Hong Kong before paring gains to 7.3%. Guming Holdings and Mixue Group were up 7.5% and 3.0%, respectively. Hong Kong's benchmark Hang Seng Index was last down 0.45%.
South China Morning Post
02-07-2025
- Business
- South China Morning Post
Retail services has been a key sector for Hong Kong IPOs since 2024
The Hong Kong market is riding a wave of optimism after a series of high-profile listings by mainland firms, and one eye-catching factor has been the success of firms in the consumer and retail services sector. Indeed, since 2024, that segment has led the way among Hong Kong initial public offerings (IPOs) in terms of both funds raised and total deals closed, which is spurring investor confidence. Notably, home appliance giant Midea Group raised HK$31 billion (US$3.95 billion) last September. Mao Geping Cosmetics made HK$2.3 billion in December, while jewellery maker Laopu Gold made more than HK$827 million back in June 2024. More recently, Mixue Group, the mainland's largest fresh drinks chain with more than 45,000 outlets across China and 11 other countries, pulled in HK$3.45 billion in a March IPO. Mao Geping Cosmetics, one of China's most famous make-up brands, earned HK$2.3 billion in last December's IPO in Hong Kong. Photo: Weibo/Mao Geping Meanwhile, bubble tea seller Guming, which focuses on smaller towns and municipalities where growth is outpacing that in higher-tier cities; and Shanghai-based Bloks Group, which targets the mainland domestic market with low-priced toys and collectibles, have continued to advance steadily.
South China Morning Post
24-06-2025
- Business
- South China Morning Post
Hong Kong investors hit jackpot as IPO boom delivers returns above 30%
A blistering recovery in Hong Kong's initial public offering (IPO) market this year has delivered a bonanza for investors, with returns above 30 per cent bucking a sluggish economy and languid property market. Holding new shares from the 34 companies that have pulled off offerings in 2025 would generate an average return of 34 per cent, according to Bloomberg data. Even selling the stocks upon their debuts would have fetched a 10 per cent gain, the data showed. The eye-popping returns have coaxed institutional investors back to Asia's third-largest stock market after years of retreat. Local individual investors have also shifted from the moribund property market – plagued by high borrowing costs and a supply glut – to the IPO market, where they are taking advantage of financial leverage to maximise their chances of winning share lotteries. Mark Yue, a 36-year-old fintech worker, is one of thousands caught up in the frenzy. He is subscribing to popular, high-capitalisation IPOs, usually funded by margin financing equivalent to 10 times the principal. Since February, he has won shares in six out of the seven IPOs he took part in, including Contemporary Amperex Technology (CATL) and Mixue Group 'The risk isn't too high if you pick up popular names with margin financing,' said Yue, who sells the shares on the first day of trading in anticipation of an average 10 per cent return.
Fashion Network
05-06-2025
- Business
- Fashion Network
Chinese jeweler Laopu Gold becomes Hong Kong's highest-priced stock after 2,300% surge
Chinese heritage jeweler Laopu Gold Co. has emerged as a breakout player in the luxury sector, with its stock price climbing above HK$1,000 ($127) following a 2,300% rally since its June 2024 listing. The surge marks a rare milestone for the Hong Kong market and signals growing investor confidence in a new wave of domestic brands appealing to China's Gen Z consumers. The stock has soared more than 2,300% since its listing in late June 2024, outperforming more than 500 peers in the Hang Seng Composite Index during the period. At HK$1,000 per share on Thursday, it far surpasses the second-most expensive stock in the financial hub: bubble tea maker Mixue Group, which is trading at just above HK$600. While Laopu's sharp rise highlights investor enthusiasm for a new wave of Chinese consumption stocks tailored to Gen Z preferences, its steep price point could pose a barrier to retail participation. With the company's minimum trading unit set at 100 shares, investors must commit at least HK$100,000—the equivalent of $12,750—to gain exposure to the stock. Companies listed in Hong Kong can set their own minimum trading units—known as a 'board lot'—ranging from dozens to thousands of shares. While investors can place orders for odd lots, including a single share through brokerages, these transactions typically take longer to match and can incur higher fees. Bloomberg reported in March that the financial hub's exchange was discussing options to lower the threshold for investors to buy some of the most expensive stocks to boost trading activity. The retail portion of Laopu's initial public offering was nearly 600 times oversubscribed, prompting the company to increase the number of shares allocated to individual investors by six times to 11.2 million. The jewelry maker's remarkable rally will face its first meaningful test as it approaches the first anniversary of its debut on June 27, when a lockup on 121.4 million shares will expire. That's more than double the current number of free-float shares. The stock posted its worst weekly drop since its listing in December last year, just before the expiry of a six-month lockup on 10.8 million shares. Laopu has yet to indicate any plans for a stock split, a common strategy taken by high-flying firms to cheapen the value of each share and make it more affordable. Tencent Holdings Ltd. performed a 5-for-1 split in 2014, shortly after share prices peaked above HK$600. Zai Lab Ltd. divided each share into 10 in 2022, lowering the price to around HK$35.
Fashion Network
05-06-2025
- Business
- Fashion Network
Chinese jeweler Laopu Gold becomes Hong Kong's highest-priced stock after 2,300% surge
Chinese heritage jeweler Laopu Gold Co. has emerged as a breakout player in the luxury sector, with its stock price climbing above HK$1,000 ($127) following a 2,300% rally since its June 2024 listing. The surge marks a rare milestone for the Hong Kong market and signals growing investor confidence in a new wave of domestic brands appealing to China's Gen Z consumers. The stock has soared more than 2,300% since its listing in late June 2024, outperforming more than 500 peers in the Hang Seng Composite Index during the period. At HK$1,000 per share on Thursday, it far surpasses the second-most expensive stock in the financial hub: bubble tea maker Mixue Group, which is trading at just above HK$600. While Laopu's sharp rise highlights investor enthusiasm for a new wave of Chinese consumption stocks tailored to Gen Z preferences, its steep price point could pose a barrier to retail participation. With the company's minimum trading unit set at 100 shares, investors must commit at least HK$100,000—the equivalent of $12,750—to gain exposure to the stock. Companies listed in Hong Kong can set their own minimum trading units—known as a 'board lot'—ranging from dozens to thousands of shares. While investors can place orders for odd lots, including a single share through brokerages, these transactions typically take longer to match and can incur higher fees. Bloomberg reported in March that the financial hub's exchange was discussing options to lower the threshold for investors to buy some of the most expensive stocks to boost trading activity. The retail portion of Laopu's initial public offering was nearly 600 times oversubscribed, prompting the company to increase the number of shares allocated to individual investors by six times to 11.2 million. The jewelry maker's remarkable rally will face its first meaningful test as it approaches the first anniversary of its debut on June 27, when a lockup on 121.4 million shares will expire. That's more than double the current number of free-float shares. The stock posted its worst weekly drop since its listing in December last year, just before the expiry of a six-month lockup on 10.8 million shares. Laopu has yet to indicate any plans for a stock split, a common strategy taken by high-flying firms to cheapen the value of each share and make it more affordable. Tencent Holdings Ltd. performed a 5-for-1 split in 2014, shortly after share prices peaked above HK$600. Zai Lab Ltd. divided each share into 10 in 2022, lowering the price to around HK$35.
