China tea drinks chain Mixue shares leap 43% in Hong Kong debut

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SYDNEY: Shares of China's largest bubble tea and drinks chain Mixue Group jumped more than 43% on their first day of trading on the Hong Kong Stock Exchange on Monday, as the city records its strongest start to a year for new listings since 2021.

"The cost for retail investors to subscribe has been reduced to close to zero, which is increasing their incentive to participate," said Dickie Wong, Kingston Securities executive director.

The secret lies in its franchise model, which generates revenue by selling food materials, packaging, and equipment to thousands of franchisees, supported by its robust manufacturing capabilities, according to its filings.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaChinaHong Kong

Topics: IPOs Markets Mixue /Business/Business News Bubble tea

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-03 @ 15:33:00 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 610 words

Reading Time: 4 minutes read

Sentences: 25 lines

Sentence Length: 25 words per sentence (average)

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Copyright Owner: © The Star

News ID: 26614108

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