# franchise model
Latest news and articles about franchise model
Total: 2 articles found
China’s ‘Pork Queen’ Goes Public: Qian Da Ma’s IPO Is a Bet to Rescue a Thin‑Margin Fresh‑food Empire
Qian Da Ma, China’s largest community fresh‑food chain by store count in South China, has filed to list in Hong Kong as it confronts slowing revenue, thin margins and heavy debt. The IPO seeks funds to deepen supply‑chain capacity, refine store economics and resume controlled expansion beyond its southern stronghold.
From 40 m² Shop to HK$86bn IPO: How Two '85ers Turned Cut‑Price Snacks into China's Biggest Retail Bet
Two entrepreneurs from modest backgrounds built MingMing Busy into China's largest snack retail chain by combining ultra‑low prices, direct sourcing and rapid expansion into lower‑tier markets. The group's HK IPO valued it at about HK$86.2bn, rewarding scale but leaving open questions about single‑store profitability, brand trust and the sustainability of its low‑margin model.