Mingming Henmang
鸣鸣很忙
Mingming Henmang is China's first snack-store chain to surpass 10,000 outlets, formed in 2024 through the merger of two brands — Lingshi Henmang and Zhao Yiming Lingzhi — and headquartered in Changsha . The company was founded by Zhou Yan, who serves as chairman and CEO , and went public on the Hong Kong Stock Exchange in early 2026 . Gaorong Ventures co-led its 2021 Series A when it had just 450 stores, and continued to back subsequent rounds ; 5Y Capital led its 2023 A++ round and also holds a stake . In 2024 the group appointed Jay Chou as brand ambassador and has since emphasized extreme operational efficiency and AI-driven retail as core competitive advantages, per a Gaorong Future interview with CIO Sun Hao . Black Ant Capital also invested in 2021 .
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Coverage
New Forces Keep Coming｜5Y News Monthly
The big news from last month.
5Y Capital Investor Notes: Why Mingming Busy? The Truth Behind What's Misread as "Consumption Downgrade" | 5Y View
How does 5Y Capital identify "readaptation" signals in offline retail amid a challenging market environment?
5Y News｜Congratulations to Mingming Busy on its successful listing on the Hong Kong Stock Exchange!
Serving hundreds of millions of families with "value for quality."
Warm congratulations to Mingming Henmang on its successful IPO on the Hong Kong Stock Exchange, with Gaorong Ventures co-leading the first round.
China's largest chain retailer of leisure food and beverages.
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A new chapter begins.
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New product launches, major licensing deals, accelerated clinical trials...
Consumer investor Yu He waited for two big fish like he was waiting for Godot.
I've stumbled through pitfalls and detours, celebrated victories, and felt the sting of regret.
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The Power of Aspiration.
A Conversation with Mingming Henmang: Extreme Efficiency and AI Mastery Are the Decisive Factors in Retail Today | Gaorong Future
Digitalization and AI are driving intelligent decision-making and granular management across supply chains.
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Several companies made it onto the annual lists by *China Entrepreneur* and *Fortune*.
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Innovation lights the path to growth.
