Fashion Retailer KK Group Stitches Up Revived IPO Plan

The popular clothing chain operator has restarted its plan to list in Hong Kong, seizing on hopes for China’s post-Covid economic recovery Key Takeaways: By Fai Pui A pair of sister brands have taken Chinese shopping malls by storm these last few years, their yellow and pink motifs making them “celebrity” fashionistas that have attracted not only shoppers, but also investors. The yellow KKV is the racier of the pair, selling fast fashion products. Meantime, the softer pink Colorist chain peddles affordable cosmetics. Their parent, KK Group Co. Holdings Ltd.,…

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Luckin Comeback Percolates at Full Steam With Reported Global Expansion

Media reports say the scandal-tainted coffee chain is looking to expand into Southeast Asia as it continues to rapidly open new stores at home Key Takeaways: By Warren Yang Luckin Coffee Inc. (LKNCY.US) is roaring back to reclaim a place in the Chinese coffee shop, less than three years after a huge accounting scandal pushed it to near-collapse. The way things are brewing, the company could even pull off a re-listing in New York much sooner than anyone anticipated – capping what would be a remarkable turnaround after its earlier…

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Kappa’s China Franchisee Stumbles in Race for China Sportswear Market

China Dongxiang took a big hit from Covid last year, but has been gradually falling further behind its local rivals as Chinese increasingly opt for homegrown brands Key Takeaways: By Ken Lo It may be an also-ran in the west, but Kappa counts itself as one of China’s top three international sports brands, alongside Nike (NKE.US) and Adidas (ADS.DE). That distinction owes to the efforts of China Dongxiang (Group) Co. Ltd. (3818.HK), which acquired China rights to the century-old Italian brand before the Beijing 2008 Olympics. But Kappa stumbled badly…

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New Ruipeng Trots Out ‘Pet Project’ IPO

China’s largest provider of pet products and services could raise as much as $400 million from its plan to list in New York Key Takeaways: By Doug Young A new “pet project” is trotting its way from China to Wall Street, with potential to become the biggest new Chinese IPO in New York in more than a year. This particular project comes from New Ruipeng Pet Group Inc., which looks like an interesting bet on the huge potential of China’s fast-growing pet market. That’s because the company is head-and-tail above…

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361 Degrees Outruns Its Peers. Now It’s Waiting for Investors to Notice

Despite outperforming its rivals in fourth-quarter sales growth, the sportswear retailer still trails its flashier peers in valuation and share performance Key Takeaways: By Tina Yip Sportswear maker 361 Degrees International Ltd. (1361.HK) is the underdog in its class, vying for attention in a crowded field of higher-profile names like Li Ning Co. Ltd. (2331.HK), Anta Sports (2020.HK) and Xtep International (1368.HK). First, the company was hoping to get noticed as the official sports apparel sponsor of the 19th Asian Games, which were set to be held in the picturesque…

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Chinese Liquor Distiller ZJLD Gives Hong Kong Listing a Shot

The maker of four brands of Chinese spirits has applied to become the first liquor stock to list on the Hong Kong Stock Exchange, with the reported aim of raising up to $400 million Key Takeaways: By Emily Chan Chinese people famously enjoy a tipple, especially a shot of traditional spirits known as baijiu. And often the higher the alcohol content, the higher the price. That’s why distilling is big business in China, and a fiercely competitive market. Against that backdrop,spirits maker ZJLD Group Inc is seeking to blaze a…

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Uxin Opens Upgraded Superstore in Race to Prove New Business Model

The company delivered strong revenue and retail transaction growth in the third quarter despite pandemic disruptions, but cash flow continues to be an issue Key Takeaways: By Doug Young Uxin Ltd. (UXIN.US) certainly has an interesting long-term story to tell, as it seeks to become an equivalent of U.S. giants Carvana (CVNA.US) and Carmax (KMX.US) in China’s vast but highly fragmented used car market. The company’s latest set of results showed its superstore business model has delivered some initial success. But in the shorter-term, the company is also facing headwinds…

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Is Fosun Set to Rise Again as China Reopens?

The debt-heavy conglomerate announced a fresh $1 billion in asset sales last week, as growing signs emerge that its looming debt crisis of 2022 may be receding Key Takeaways: By Chen Ruzhen On the last evening of 2022, Guo Guangchang, chairman of conglomerate Fosun International Ltd. (0656.HK), visited a lantern festival at Yu Garden, the famous Shanghai tourist attraction operated by one of his company’s units. The rags-to-riches billionaire made New Year’s wishes that life would return to normal in China, and that Fosun’s global partners could visit a country…

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Prominent Meitu Investor Trims Stake After Years of Only Filtered Profits

Lee Kai-Fu, a former senior Google executive-turned-venture capitalist, has slashed his stake in the beauty app operator as it continues struggling to turn a profit Key Takeaways: By Warren Yang Beauty app maker Meitu Inc. (1357.HK) can touch up its financial reality only so much for investors who have waited years for the company’s first real profits. One prominent investor may be losing patience with the company as it continues to lose money years after it went public, causing its shares to sag to well below where they traded at…

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