China’s shrinking ‘Chicken King’ scurries towards Hong Kong IPO “鸡王”光环褪色，正新食品赴港股IPO
Zhengxin Food is reportedly chasing a public listing, as its shrinking restaurant network highlights the dangers of relying on franchisees for rapid expansion. 据报正新食品正筹备赴港上市，但其门店网络持续收缩，也凸显过度依赖加盟模式快速扩张所带来的风。
Bamboo Works (official website) provides news on Chinese companies listed in Hong Kong and the United States, with a strong focus on mid-cap and also pre-IPO companies.