1H21: Results Below Expectation; Restructuring Continues; Downgrade To HOLD Xiabuxiabu reported a 58.5% yoy revenue growth in 1H21, while recording a net loss of Rmb50m. The company plans to open 50 Coucou restaurants in 2021 and aims to open 80-100 Coucou stores p.a. over 2022-23. It also plans to close 200 Xiabuxiabu restaurants in 2021 […]

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