To The Moon

China’s largest bubble tea chain, Mixue, rises 10%, pushing market cap to HK$140B.Shares of China’s largest bubble tea chain Mixue jumped more than 40% on its market debut on Monday after a heavily oversubscribed initial public offering.Mixue, which is known for its milk tea, fruit drinks, ice cream and coffee, had offered 17.06 million shares in its IPO, raising a total of HK$3.45 billion.The IPO has gained the support of five cornerstone investors, which include M&G Investments, HongShan Growt

Alibaba Group Holding stock has been on a roll for the past month in response to hope that better times for China's economy could help its online retail business. Quarterly earnings from the company, due on Tuesday, could fuel the rally, or finish it.While Alibaba's American depositary receipts are down 4% over the past year, trading for a fraction of the high they reached in late 2020, the stock has jumped 19% in the past month. The gain has come in response to optimism over the prospect of economic stimulus and growth in China, which has endured a market-rattling slowdown in the past year.The latest leg higher for Alibaba came on Monday. The stock closed up 5.7% in U.S. trading as investors digested inflation data disclosed over the weekend. China's consumer price index rose 0.3% from a year earlier in April, up from a 0.1% increase in March and the 0.1% gain economists had expected.That is a good sign for Alibaba because it indicates that consumers are buying again. Data showing def