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How Long Can US-Listed Chinese Stocks Keep Climbing Under Stimulus Policies? Key Stocks to Watch
"China's version of Sam's Club" is coming.
yonghui superstores has changed ownership.
Miniso joins hands with Yonghui to "gamble" on offline supermarkets! Is the "Chinese version of Costco" coming soon?
Pindao Concept Mode, as well as Yonghui's Pindao Concept Mode transformation, has become the most critical factor in attracting Miniso to enter, is China's major transformation in supermarkets coming soon?
After miniso "takes over" yonghui superstores as the largest shareholder, the US stock market fell by over 16%.
Interpretation suggests that as a rapidly globalizing retail brand in China, the collaboration between Miniso and Yonghui is expected to create a "Chinese version of Sam's Club".
US stocks plunged 19% at the opening! Miniso plans to buy shares with 6.3 billion cash, becoming the largest shareholder of yonghui superstores. Rapid announcement.
1. guangdong Juncai International Trade Co., Ltd. intends to acquire 29.4% equity of Yonghui Superstores through agreement transfer, becoming the latter's largest shareholder; 2. Miniso's US stock opened with a decline of over 19%, and the company's management stated that it is not expected to become the controlling shareholder of Yonghui Superstores; 3. Yonghui Superstores' revenue and profit both decreased in the first half of the year, with the company stating that there has been a certain degree of decline in customer traffic and average customer spending in the first half of the year.
MINISO Group Holding Limited (MNSO) CYQ2 2024 Earnings Call Transcript Summary