Miniso Group mulls spin-off of its pop toy business
June 6 (Reuters) - Miniso Group (9896.HK), opens new tab said on Friday it was making a preliminary assessment of a potential spin-off listing of its pop toy business operating under the brand, "TOP TOY".
The plan is preliminary, with no assurance of the timing, listing venue or other details, the lifestyle products retailer said in a statement.
Miniso has hired JPMorgan Chase & Co. and UBS Group AG for a planned initial public offering of the unit, TOP TOY, in Hong Kong, Bloomberg reported on Wednesday, citing sources.
The TOP TOY brand saw a 58.9% rise in its March quarter revenue, opens new tab and an increase of 120 net new stores from a year before.
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an hour ago
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China's driverless lorries hope to expand
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This boosts the entire system's efficiency," he tells has also been talking to other countries, and the company says the quickest uptake of its vehicles will be in Australia later this year, when a supermarket chain will start using their driverless delivery in China, they say they're now running more than 500 vans with road access in over 50 Hefei remains the most from Rino, the city has also now given permission for other driverless delivery van companies to Huang says this is due to a combination of factors."Encouragement came from the government, followed by local experimentation, the gaining of experience, the refinement of regulations and eventually allowing a broad implementation."And you can see them on the roads, changing lanes, indicating before they turn, pulling up at red lights and avoiding other the courier companies, the numbers tell the story. According to Rino's regional director for Anhui Province, Zhang Qichen, deliveries are not only faster, but companies can hire three autonomous electric delivery vans which will run for days without needing a charge for the same cost as one says she has been blown away by the pace of change in her industry and adds that she would not be surprised if heavy, long-haul lorries are routinely driving themselves on roads in certain circumstances within five Yang agrees. "Heavy trucks running along a highway unrestricted, at least five years away."When asked if it could really happen so soon, he responds: "I'm pretty sure it will happen. 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What's more, these vehicles are right now modified old style lorries rather than self-driving vehicles straight off the production wants to be a champion of new tech, but it also has to be careful, not only because of the potential for deadly accidents but also because of how Chinese people might view this shift."This is not just about fulfilling regulations. It is not just about building a public image," says Chim Lee. "But that, over time, the public will see the benefit of this technology, see how it will reduce their costs for buying things, or look at it as a way of imagining that society is improving, rather than viewing this as technology which is potentially destroying, causing car accidents or removing employment opportunities."Professor Yang sees another problem. "We humans can tolerate another human driver making mistakes but our tolerance for autonomous trucks is much much lower. Machines are not supposed to make mistakes. 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Daily Mail
3 hours ago
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Candidate emerges as HSBC hunts for new chairman
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