ChinaDaily Briefs

China: MINISO Group Holdings, JD Health, Hopson Development and more

In today’s briefing:

  • MINISO (名创优品) IPO Trading – Not Much Value Left After Pricing Above Range
  • Pre-IPO JD Health (JDH.HK) – A Better Candidate of Online Healthcare Business In China?
  • JD Health Pre-IPO: Poised to Benefit from Structural Changes in Healthcare in China and the Pandemic
  • Morning Views Asia: China South City, Hopson Development, Indika Energy, Lenovo

MINISO (名创优品) IPO Trading – Not Much Value Left After Pricing Above Range

By Zhen Zhou, Toh

MINISO Group Holdings (MNSO US) raised about US$608m at US$20 per ADS, above the top-end of the initial price range.

MINISO is a value retailer with a focus on offering products that are aesthetically pleasing, good-quality, and affordable. It operates its flagship brand “MINISO” and has a global presence with about 2,500 stores in China and over 1,680 stores across 80 other countries. 

We have earlier covered various aspects of the IPO in:


Pre-IPO JD Health (JDH.HK) – A Better Candidate of Online Healthcare Business In China?

By Xinyao (Criss) Wang

According to Analysys, the market size of China’s online healthcare business was RMB133.7 billion in 2019, up 35.6% YoY. Due to the epidemic, the market size is expected to reach RMB200 billion in 2020, with a growth rate of 49.6%, which is the highest growth rate since 2015. With huge growth potential of the online healthcare business, JD Health (JDH HK) filed its IPO prospectus with the Hong Kong Stock Exchange on September 27. The Company is planning to raise at least $3 billion in the IPO. 


JD Health Pre-IPO: Poised to Benefit from Structural Changes in Healthcare in China and the Pandemic

By Shifara Samsudeen, ACMA, CGMA

JD Health International, the largest online healthcare platform and retail pharmacy in China has filed for an IPO to list its shares on the Hong Kong Stock Exchange. The company is backed by the Chinese online retail giant JD.Com, and is planning to raise about US$3bn through the IPO.

In this insight, we examine the company’s business model and its financials.


Morning Views Asia: China South City, Hopson Development, Indika Energy, Lenovo

By Charles Macgregor

Lucror Analytics Morning Views comprise our fundamental credit analysis, opinions and trade recommendations on high yield issuers in the region, based on key company-specific developments in the past 24 hours. Our Morning Views include a section with a brief market commentary, key market indicators and a macroeconomic and corporate event calendar.


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