Capital, Earnings & M&A
Can Hankou Second Factory and Genki Forest Go from Internet Celebrities to Classics?
Hankou Second Factory and Genki Forest, can they go from internet celebrities to classics? Why did these young brands suddenly become popular? Is it the concept of 'zero sugar, zero calories, zero fat' hitting consumer pain points? Or is it precise marketing with online-offline integration? Few people seem to notice the huge profits in the 'beverage' business. On September 8, Nongfu Spring (09633.HK) listed in Hong Kong, opening 85.12% higher at HK$39.8 per share, with a market value approaching HK$450 billion, briefly making Zhong Shanshan China's richest man. Besides established water sellers like Nongfu Spring...
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