KK Group hopes the fourth time is lucky with new Hong Kong IPO bid
The ‘experience retailer’ hopes to attract investors with its healthy growth in stores, revenue and recent move to profitability Key Takeaways: KK has filed for a long-planned Hong Kong IPO,…
PODCAST: China’s coffee comeback kid passes new milestone, and Miniso launches dividend policy
The unlikely comeback for scandal-tainted coffee chain Luckin marches on, as the company passed rival Starbucks in revenues for their China business. But is Luckin expanding too quickly? And low-cost retailer Miniso announces a dividend policy, saying it will return 50% or more of its profits to shareholders. Will more new economy Chinese companies follow suit as investors lose interest such stocks simply for the “China growth story”?
CHINA BULLETIN: Mixed Messages in July PMI
In this week’s issue mixed PMI messages, a new data regulator and a coffee rebound. On a scale of 1 to 100, we give the week a 55 for offshore-listed China stocks.
Miniso rings up dividend policy to lure investors
The Chinese budget lifestyle retailer will pay out 50% or more of its profits as a regular dividend, though the company has lost money in three of the last four…
Cheery Miniso steps up store rollout after overseas sales boost
The seller of lifestyle products has defied China’s pandemic downturn with a 75% jump in quarterly profit, and is targeting an aggressive expansion Key Takeaways: Miniso’s latest quarterly earnings beat…
Collectible Toy Maker Pop Mart Falls Out of Favor
The company that shot to success selling trendy toys from ‘blind boxes’ said its revenue fell 5% to 10% in the third quarter, reversing several years of explosive growth Key…
Cloopen: A Clean Cloud, or Still Under Stormy Skies?
Cloud services provider’s investigation confirms revenue inflation last year, while separate, but similar, investigation by retailer Miniso finds no evidence of misleading claims involving its franchise model Key Takeaways: An…
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Miniso rings up dividend policy to lure investors
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Cheery Miniso steps up store rollout after overseas sales boost
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