Mixue Group falls 5% to record low amid overseas expansion concerns

Mixue Group (2097.HK) fell 5% during regular trading to HK$203, marking a record low. The company recently announced a HK$10 million donation to support flood relief efforts in Guangxi, but market concerns over its overseas expansion continue to weigh on shares.

Reports indicate that Mixue Bingcheng's expansion in mature markets like Japan has fallen short of expectations, with store closures adding pressure. These factors remain a drag on the stock price.