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36Kr is China's most influential business and technology network, delivering high-quality content focused on China’s innovation and new economy trends since 2010. With its extensive traffic and network, 36Kr has built a comprehensive database and strong data analytics capabilities to provide insights into China’s technology landscape.

36Kr English

Insights

For Wancheng and Busy Ming, Mixue’s success is both a blueprint and a cautionary tale

The two snack retailers are racing toward IPOs with Mixue-like expansion, but lack its supply chain discipline and margin control.

6 mins read
  • Despite its record scale, the deal’s co-co model highlights both rising ambition and lingering skepticism in a cooling market.

    Insights

    Innovent’s tie-up with Takeda tests investor faith in China’s biotech dream

    5 mins read