Vending Machine Leader Ubox Spits Out Big Losses During Pandemic

The company backed by Ant Financial has filed for a Hong Kong IPO, despite logging nearly 1.4 billion yuan in losses over the past two years due to pandemic-related disruptions Key takeaways: Ubox has filed for a Hong Kong IPO despite reporting losses in the past two years due to pandemic-related disruptions to its core vending machine business The company’s backers include Alibaba’s Ant Financial, which led a 1.6 billion yuan investment in the company in 2019 By Ken Lo Perhaps it hoped a star-studded investor lineup and use of…

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Miniso Rides Into China Covid Storm With Forecast for First-Ever Revenue Contraction

Retailer known for its small, brightly lit stores posted 5% revenue growth in the first three months of 2022, but said the figure is likely to decline around 9% in the current quarter Key Takeaways: Miniso said it expects its revenue to decline around 9% in the current quarter as many of its China stores have been forced to shut down during recent citywide lockdowns Company said nearly one-tenth of its China stores were closed in March, even as its smaller international operations continued to rebound By Doug Young Fasten…

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New Energy Lands as Hottest Category Among Chinese Concept Stocks in 2021 – Bamboo Works Special Report

Investors kept a close look at China’s solar and wind power stocks last year, but were least interested in the hobbled education sector By Bamboo Works team Chinese concept stocks experienced unprecedented challenges in the Year of the Ox. The small and mid-sized companies covered by Bamboo Works were no exception, also coming under intense pressure. Looking past their stock prices and financial reports, how did these companies perform in terms of media and investor attention? Which companies stood out despite all the pressures? Our special report highlights such trends…

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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…

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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…

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Impulse-Buying Specialist Miniso Embarks on Major Toy Play

Mini-store operator plans big move into pricier toys and collectibles with launch of Top Toy chain Key points: Miniso is moving aggressively into specialty toy shops with its new Top Toy chain Strong investor interest in toy retailing is reflected by the high valuation for rival toy chain Pop Mart By Doug Young China’s favorite impulse buying chain Miniso Group Holding Ltd. (NYSE: MNSO) is making a major strategic shift by moving aggressively into the toy business. The move does seem to make sense for a chain like Miniso, as…

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