$MINISO Group Holding Limited(

What a horrible management decision and transaction on every level. Plowing cash into a company that has nothing to do with their high-growth core business. What synergies (revenue or cost-savings) can possibly be generated between a Chinese produce supermarket chain and an international "trendy lifestyle products" chain? All they had to do was keep executing their proven model, buyback shares and let the market valuation catch up to reality.

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