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News  ›  Benzinga

Move Over, Burger Joints. Yuen Kee Dishes Up China-flavored Fast-Food IPO

Benzinga Logo Benzinga By Bamboo Works
Move Over, Burger Joints. Yuen Kee Dishes Up China-flavored Fast-Food IPO

Yuen Kee Food Group, China's largest dumpling chain with 4,266 stores, has filed for a Hong Kong IPO. While the company boasts solid financials and margins around 25%, its growth has slowed sharply to 7.9% year-on-year through September 2025 after rapid expansion. The IPO faces headwinds due to weak investor appetite for restaurant stocks in Hong Kong's current market, which favors high-tech plays. Potential bright spots include a growing frozen dumpling retail business and early-stage overseas expansion in Southeast Asia.

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