Huazhu Ends 2021 with Omicron Hit, Seen Lingering Into 2022

The hotel operator is facing headwinds from the latest Covid-19 flare-up, whose impact is likely to affect its first quarter results Key takeaways: Huazhu Group is predicting greater uncertainties for its hotels in the first quarter as a result of the recent Covid resurgence and resulting travel restrictions The company has pivoted to focus on quality over quantity growth, in an unexpected shift for some analysts By Lau Ming With recent Covid-19 fare-ups sweeping China and the new omicron variant spreading fast, local governments throughout the country have been tightening…

Read More »

Full Truck Alliance Travels Bumpy Road Through Pandemic, Regulatory Wave

Trucking app operator’s fourth-quarter update showed strong but slowing growth, as it remains barred from signing up new customers pending outcome of a cybersecurity review Key takeaways: Full Truck Alliance said its fourth quarter fulfilled orders rose 41.6%, slowing from 78.4% growth in the previous quarter Growth comes as other major companies report business contractions in China due to Covid-control disruptions By Doug Young There are quite a few ways to look at the latest fourth-quarter update from Full Truck Alliance Co. Ltd. (YMM.US), reflecting just how complex China’s corporate…

Read More »

After Major Rebrew, Is Luckin Seeking to Re-list in New York?

Scandal-tainted Starbucks Chinese challenger dismisses media report about a re-listing plan, despite recent actions that suggest such a potential move Key takeaways: Scandal-tainted Luckin Coffee is discussing capital raising options, including a potential re-listing on the Nasdaq later this year, according a Financial Times report The company still faces hurdles in the form of competition from established giant Starbucks and newer up-and-comers like Manner Coffee By Jony Ho After getting burned once, will investors be willing to take another sip of a scandal-tainted Luckin Coffee Inc. that says it’s now…

Read More »

Pop Mart Takes Its Trendy Toy Story on Global Roadshow

The maker of popular collectible toys sold from ‘blind boxes’ has moved into Europe with the opening of a store in London Key takeaways: Pop Mart has moved into Europe with a London store, expanding its global footprint to 23 countries since opening its first international store a year ago Company is hoping to copy its successful domestic model of selling trendy toys over low-cost channels such as online and vending machines, helped by social media promotion By Doug Young Watch out, world. First China’s ByteDance gave us TikTok, the…

Read More »

New Beijing Signals Reinforce China’s Intent to Reopen U.S. IPO Pipeline

The latest comments from top securities regulators follow the late December release of new regulations governing offshore listings by Chinese companies Key Takeaways: China Securities Regulatory Commission Chairman Yi Huiman says his agency is aiming to quickly implement new rules government overseas listings by Chinese firms New U.S. IPO application by cold rolled steel maker Hongli continues nascent resumption of Chinese listings in New York By Doug Young It’s been about four weeks since China sent a clear signal that it intended to let its companies keep making overseas IPOs,…

Read More »

Chindata Charts Life After Founder, But Uncertainty Keeps Investors at Bay

The data center operator’s shares rallied after it gave terms for transition with its founder’s departure, only to later give back the gains Key takeaways: •      Chindata said it has agreed with its founder Ju Jing on terms of his departure, including a substantial reduction of his super-voting shares •      Plan will help the company move forward, though uncertainty remains over new businesses that Ju was promoting By Warren Yang Data center operator Chindata Group Holdings (CD.US) is trying to right its ship after the sudden departure of its founder,…

Read More »

QiXinTian Serves Up Spicy Hong Kong IPO, Defying Pandemic with Major Expansion

The seafood hotpot chain has achieved remarkable revenue and profit growth despite pandemic disruptions Key takeaways: QiXinTian, China’s No. 3 hotpot restaurant chain, has filed for a Hong Kong IPO that could value it at more than $2 billion The company has doubled its restaurant count in less than two years, a move probably aimed at boosting its IPO valuation By Fai Pui A Chinese saying goes that eating is the “first order business for ordinary people.” In a country of highly diversified cuisines and where dining is an integral…

Read More »

Covid Disruptions Chop Into GreenTree Profit, as It Tries to Focus on Future

Hotel operator’s revenue rose 16% in the third quarter, even as its profit fell by nearly half due to new openings and weakness at existing properties  Key Takeaways: GreenTree Hospitality’s revenue rose 16% in the third quarter on new property openings, but revpar for existing hotels was down 1.8% year-on-year Company looks undervalued compared with domestic rivals, but ranks stronger than international peer Accor  By Doug Young It’s only two trading days since hotel operator Greentree Hospitality Group Ltd. (GHG.US) reported its latest results for last year’s third quarter. And…

Read More »

Step Right Up: Pop Mart Excites Investors with Foray Into Theme Parks

Collectible toymaker’s shares rise 9% in the week since media reported its plans to open its first entertainment venue in Beijing Key takeaways: Pop Mart is reportedly planning to open its first theme park in Beijing as it looks to jumpstart its slowing growth Maker of popular collectible toys is looking to leverage its intellectual property in a China theme park market that was worth 426 billion yuan last year By Trevor Mo Pop Mart International Group Ltd. (9992.HK) is preparing to “super-size” its core business, which has found huge…

Read More »