Country Style Cooking Chain Joins Chinese Fast Food Listing Rush

Spicy Sichuan food server is one of three restaurant chains looking to become the first Chinese fast food stock with a Hong Kong IPO bid Key Takeaways: Chinese fast food chain Country Style Cooking Restaurant, which expanded rapidly in recent years, has filed to list on the Hong Kong Stock Exchange for a second time The company’s earnings have been shaken by the Covid pandemic and the Shanghai lockdown pushed it into the red for first the five months of this year By Ken Lo A restaurant chain selling the…

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Domino’s China Operator DPC Dash Delivers Hong Kong IPO

Chinese franchisee for world’s biggest pizza chain is growing rapidly in the underserved China market, with revenue up 46% last year Key takeaways: Domino’s China operator DPC Dash has filed for a Hong Kong IPO that could raise up to $100 million and value the company at around $500 million Company has cashed in on China’s recent shift to takeout dining, posting 18.7% same-store sales growth last year By Doug Young The local operator of the Domino’s (DPZ.US) pizza chain is baking up China’s latest IPO, showing that locally popular…

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FAST NEWS: SEC Names Five Chinese Stocks at Threat of Delisting

The latest: The U.S. Securities and Exchange Commission (SEC) announced Thursday that it has placed five Chinese companies on a list of companies that could face the threat of delisting under the Foreign Company Accountability Act, including BeiGene, Ltd. (BGNE.US; 6160.HK; 688235.SH), Zai Lab Ltd. (ZLAB.US; 9688.HK), Yum China Holdings Inc. (YUMC.US; 9987.HK HK), Hutchmed (China) Ltd. (HCM.US; 0013.HK) and ACM Research Inc. (ACMR:US). Looking up: There are currently more than 270 Chinese stocks listed in the U.S. The SEC has named only five this time, giving the others time…

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Restrictions Take Fourth-Quarter Bite Out of Rebounding Year for Yum China

Operator of KFC and Pizza Hut restaurants in China posted small revenue growth in fourth quarter as it continued to briskly open new stores despite Covid disruptions Key Takeaways: Yum China reported its revenue rose 1% in the fourth quarter, and managed to remain profitable despite tough Covid restrictions that led to weak consumption China’s biggest restaurant operator opened a record 1,806 stores during the year, bringing its total to 11,788, as it marches towards a goal of 20,000 stores By Doug Young “Staying the course” is fast emerging as…

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Missfresh Tries to Tempt Investors with Value-Added Offerings

Recent announcements show online grocer is adding higher-margin products and services to its lineup like ready-to-cook meals and prepackaged seasoning blends Key takeaways: •      Missfresh has launched a series of value-added initiatives in its bid to achieve profitability by selling more higher-margin products outside its core online grocery business •      Company’s stock is down more than 70% since its debut in the U.S. last June By Trevor Mo We may be losing money, but we’re working hard to find a recipe for success. That’s a key message in the latest…

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Scandal-Ridden Luckin in Nascent Coffee Comeback. But Will Investors Take a Sip?

With strong first-half revenues and shares within striking distance of its $17 IPO price, Starbucks challenger could be positioning itself for a big-board relisting Key takeaways: Luckin Coffee’s latest post-scandal financial report shows revenue more than doubled in the first half of the year, as losses narrowed Reformed company’s shares have rebounded to just below their IPO price, as it moves to business model with new focus on franchising By Mia Shanley For better or worse, investors tend to have short memories. That’s especially the case with Luckin Coffee Inc.…

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