Helmed by new chairman, Best Mart 360 navigates changing Hong Kong landscape
With a personal scandal involving its CEO behind it, the Hong Kong snack chain is trying to hone its hometown advantage as local consumers flock across the border to shop…
BRIEF: Dmall raises $50 million in share placement at 10% discount
Retail digital services provider Dmall Inc. (2586.HK) said on Wednesday it placed 35.4 million shares at a price of HK$11.10 per share, equal to about 3.93% of its currently issued…
BRIEF: Zhou Liu Fu launches $143 million Hong Kong IPO
Jeweler Zhou Liu Fu Jewellery Co. Ltd. (6168.HK) launched its Hong Kong IPO on Wednesday, aiming to raise about HK$1.12 billion ($143 million) by selling 46.8 million shares for HK$24…
BRIEF: Miniso’s revenue rises, but profit falls as same-store sales remain weak
Retailer Miniso Group Holding Ltd. (MNSO.US; 9896.HK) reported on Friday its revenue rose but its profit fell in the first quarter, as business from new store openings helped to offset…
BRIEF: Lianhua Supermarket’s Q1 revenue slumps, but profit doubles
Lianhua Supermarket Holdings Co. Ltd. (0980.HK) reported Tuesday that its revenue fell 15% year-over-year to 5.97 billion yuan ($821 million) in the first quarter, while its profit surged 141% to…
Atour relies on network expansion to counter economic slowdown
The hotel operator’s revenue rose 55% last year, but it forecast the growth would slow to about half that level in 2025 Key Takeaways: Atour’s revenue rose 38.5% in the…
Miniso struggles to impress investors, even with a successful ‘toy story’
The company is finding success with its Top Toy business and overseas expansion, while its core traditional retail segment has become a drag Key Takeaways: Miniso’s newer chain of Top…
