AsianFin -- Mixue Group's stock soared more than 17% on Thursday, hitting HK$350 per share. Since its initial public offering (IPO), the company's shares have surged over 70%, pushing its total market capitalization to more than HK$130 billion.

The remarkable performance highlights strong investor confidence in Mixue Group, a leading Chinese beverage chain known for its affordable and popular tea and coffee offerings. The company's rapid growth and expanding market presence have made it a standout in the competitive food and beverage sector.