ZHENGZHOU (XINHUA) – Chinese beverage company Mixue Bingcheng cleared the listing hearing of the Hong Kong Stock Exchange and disclosed its post-hearing prospectus, marking another step closer to its listing on the Hong Kong stock market.
Mixue Bingcheng owns a made-to-order tea brand with the same name as the company and the freshly brewed coffee brand Lucky Cup.
As of December 31 last year, Mixue Bingcheng had a combined 46,479 stores at home and abroad – with approximately nine billion cups of beverages sold in 2024.
A report by China Insights Consultancy, an independent industry consulting platform, said that based on its number of stores as of September 30, 2024, Mixue Bingcheng is the world’s largest made-to-order beverage company.
According to the company’s prospectus, its terminal retail sales had increased from CNY30.7 billion to CNY58.3 billion in the period from 2022 to 2024.
