HK Stock Market Move | MNSO (09896) opened more than 5% higher; Q3 domestic GMV grew 25% to 30% year-on-year; the U.S. market grew more than 30% in September.

MNSO (09896) opened more than 5% higher, up 5.68% as of press time, at HK$18.99, with a turnover of HK$6.0046 million. On the news front, on the evening of October 9, MNSO announced that for the third quarter ended September 30, gross merchandise value (GMV) in mainland China grew 25% to 30% year-on-year, further accelerating from the first half of this year, mainly driven by high-single-digit same-store sales growth. During the National Day holiday from October 1 to 7, total GMV in mainland China grew 20% to 25% year-on-year, mainly driven by low-single-digit same-store sales growth. In overseas markets, third-quarter GMV in the U.S. market grew about 20% year-on-year. Driven by the arrival of new products, its GMV growth in September rebounded to more than 30%, and it achieved positive same-store sales growth. As for YOYO, its GMV in the first nine months exceeded RMB 1 billion, and it has expanded to 53 countries and regions worldwide.