Global law firm Freshfields has provided Hong Kong and US law advices to the joint sponsors and underwriters in the global offering of MIXUE Group (‘MIXUE’) and listing of its H shares on the Hong Kong Stock Exchange (‘HKSE’).

MIXUE is a leading freshly-made drinks company with two major brands – freshly-made tea drinks brand Mixue and freshly-made coffee brand Lucky Cup. Through a franchise model, MIXUE has cultivated a network of over 45,000 stores spanning China and 11 overseas countries as of 30 September, 2024. According to CIC, MIXUE is the largest freshly-made drinks company both in China and worldwide in terms of number of stores as of September 30, 2024. In terms of GMV in 2023, it is also China’s largest, and the world’s fourth largest freshly-made drinks company.

The Freshfields team advising on the transaction was led by China Chairperson Teresa Ko, along with partners Arun Balasubramanian, and David Yi. They were supported by counsel Quan Zhou, associates Frank Fan and Molina Liu, and U.S. legal manager Ruoyu Xiong.