Vending

China vending operator seeks public listing

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May 30, 2022

Beijing Youbao Online Technology Co. Ltd., a China based vending operator, has applied for a public listing on the Hong Kong stock exchange with Goldman Sachs, CITIC Construction Investment International and Huatai International as joint sponsors, according to a sina.com report.

The company's revenue was 2.727 billion yuan ($21 million) in 2019, 1.902 billion yuan ($14 million) in 2020 and 2.676 billion yuan ($21 million) in 2021.

At the end of 2021, the company's network included more than 102,700 vending machines, covering 288 cities and 31 provincial regions in China, and the number of users reached 320 million.