Changes in Hong Kong stocks | Chabaidao (02555) soared more than 25% in the afternoon, the first Hong Kong store officially opened, and the company continued to expand overseas markets

The Zhitong Finance App learned that Chabaidao (02555) soared more than 25% in the afternoon. As of press release, it had risen 22.35% to HK$10.84, with a turnover of HK$8,538,600.

According to news, on October 11, the first Chabaidao store in Hong Kong was officially opened. Consumers were enthusiastic and the average waiting time was about 2 hours. On the opening day, many TVB entertainers, including Huang Zongze, showed up to check in, bringing the atmosphere to a climax. Chanbaidao's classic drink, Yang Zhi Ganlu, is highly sought after by Hong Kong residents. It accounts for 30% of sales in a single day, making it a super item in the store.

Notably, Chabaidao is continuously expanding its market. By the end of June this year, Chabaidao had surpassed 8,000 stores and had entered markets in South Korea, Thailand, Australia and other countries. In September of this year, Cha Baekdao officially opened a new store at Daeseok Station in Seoul, South Korea. According to Wang Huan, head of the Korean market at Chabaidao, the brand now accounts for more than 80% of local consumers in the Korean market, and the user repurchase rate is as high as 45%.