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March 12, 2026
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A Mixue shop in Hong Kong. Brothers Zhang Hongchao and Zhang Hongfu have joined the ultra-rich club after Mixue raised US$444 million from its Hong Kong share sale in March. Photo: Xiaohongshu

    Mainland China’s billionaire count surges as BYD and Mixue bosses power wealth gains

    3 months ago02 mins

    Backed by a booming tech sector and surging asset prices, the wealth of mainland China’s billionaires jumped 22.2 per cent year on year to US$1.77 trillion in the 12 months to early April, according to the report published on Thursday. With 70 new entrants, mainland China’s billionaire count rose to 470 from 427 – second…

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    China’s fresh-drink stocks leave investors thirsty for returns amid heated competition
    • Hong Kong News

    China’s fresh-drink stocks leave investors thirsty for returns amid heated competition

    Cs news9 months ago03 mins

    A recent thirst among investors for Chinese makers of fresh drinks – after a slew of share offerings including the blockbuster Hong Kong listing of Mixue Group – could mean that too much money is chasing the same growth story, according to S&P Global Ratings. “China’s demand for fresh-made drinks is growing fast as marketing,…

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