Market Insight | JIUMAOJIU Surges Over 7%, Reaches Strategic Cooperation with Taier and Meituan, Plans to Open 50 Brand Satellite Stores Within the Year

JIUMAOJIU rose more than 7%, as of the time of publication, it rose by 7.09% to HKD 2.87, with a turnover of HKD 31.2016 million. On the news front, it was reported that JIUMAOJIU's catering chain brand Tai Er Suan Cai Yu announced a strategic cooperation with Meituan, exploring more in-home and in-store business sectors. Both parties stated that they plan to open 50 brand satellite stores by 2024. Meituan will provide a one-month commission rebate for the new Tai Er Suan Cai Yu brand satellite stores opened in 2024, as well as traffic support. In addition, Meituan will also provide professional satellite store operation guidance and delivery services