News Snapshot:
KK Group, a retail unicorn startup , submitted an IPO application to the Hong Kong Stock Exchange on Thursday. KK Group owns four self-developed retail chain brands, namely KKV, THE COLORIST, X11 and KK Mall, and its product portfolio covers various categories including beauty cosmetics, trendy toys, food and drinks, household goods and stationery. As of the submission date of the prospectus, the firm’s number of stores in the world reached 680. According to a report by Frost & Sullivan, from 2018 to 2020, KK Group achieved GMV (gross merchandise volume) of 188 million yuan ($29.365 million), 652 million yuan...
