[Update] Chagee Holdings Limited (CHA US)
Solid work, love the in-person DD. Might be shortable if it ever gets a bounce.
I was reading Mauboussin’s Expectations Investing and his case study on Domino’s Pizza had me sniffing around Mixue Bingcheng for a bit. But involution in China’s really intimidating. ^^;;
I plan to look into MIXUE Group (2097 HK) in the future.
At first glance, they seem to be better positioned than Chagee. Competition seems less intense.
That said, less competition now doesn’t mean less competition in the future.
Like you said, involution in China is really something to watch out for.
Solid work, love the in-person DD. Might be shortable if it ever gets a bounce.
I was reading Mauboussin’s Expectations Investing and his case study on Domino’s Pizza had me sniffing around Mixue Bingcheng for a bit. But involution in China’s really intimidating. ^^;;
I plan to look into MIXUE Group (2097 HK) in the future.
At first glance, they seem to be better positioned than Chagee. Competition seems less intense.
That said, less competition now doesn’t mean less competition in the future.
Like you said, involution in China is really something to watch out for.