Sou Hu Cai Jing·2025-11-19 04:52Group 1: Manner Coffee's IPO Consideration - Manner Coffee is reportedly considering an IPO in Hong Kong as early as 2026, aiming to raise several hundred million dollars with a valuation of up to $3 billion [1][3] - This is not the first time Manner has been rumored to go public; similar speculation arose in 2021, but the founder denied any plans for an IPO at that time [1][3] Group 2: Manner Coffee's Business Overview - Founded in 2015 in Shanghai, Manner Coffee is positioned as a premium coffee chain and is part of Shanghai Yinhai Industrial Co., Ltd [3] - Manner has received significant investment, with four rounds of financing between December 2020 and June 2021, involving investors like H Capital, Meituan Longzhu, ByteDance, and Temasek [3] - As of November 13, 2025, Manner operates 2,234 stores nationwide, ranking sixth among coffee brands in terms of store count, significantly behind leaders like Luckin Coffee and Starbucks China [3] Group 3: Seven Fresh Coffee by JD - JD has launched a new coffee brand called "Seven Fresh Coffee," emphasizing the use of fresh milk and aiming to provide healthier coffee options [7][9] - The brand is expanding rapidly in Beijing, opening 3 to 5 new stores weekly, with plans to cover major urban areas by the end of the year [7] - Seven Fresh Coffee's pricing strategy includes offering products at prices approximately 30% lower than the industry average, with a focus on high-quality ingredients [9]