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Shares of Chinese retailer Miniso rise in Wall Street debut
Read full article: Shares of Chinese retailer Miniso rise in Wall Street debutThe Guangzhou-based retailer is the latest Chinese company to list in the U.S., amid tensions that have taken U.S.-China relations to their worst level in decades. Miniso, a Chinese discount retailer known for its fashionable but affordable household products, raised $608 million in an initial public offering in New York. The Guangzhou-based retailer is the latest Chinese company to list in the U.S., amid tensions that have taken U.S.-China relations to their worst level in decades. Miniso stores typically sell a range of goods, from cosmetics to small household appliances, mostly crafted by an in-house team of designers. Although the company will still focus on offline retail, Miniso has previously launched some of its products on Chinese e-commerce platforms like Taobao and JD.com.