HONG KONG, Dec. 5, 2025 /PRNewswire/ -- Guangzhou Xiao Noodles Catering Management Co., Ltd. ("XIAO NOODLES" or the "Company", Stock Code: 2408.HK), a prominent Chinese specialty restaurant chain, was officially listed today on the Main Board of the Hong Kong Stock Exchange, becoming the first Chinese noodle restaurant stock in the public market. The global offering attracted strong participation from institutional investors, with HHLR Advisors, Ltd. ("HHLRA", Member of Hillhouse Group), Hai Di Lao Holdings Pte. Ltd. ("Haidilao"), Dream'ee (Hong Kong) Open-ended Fund Company, Hong Kong Shengying Investment Limited ("Shengying Investment"), Zeta Wisdom OFC ("Zeta Fund") joining as cornerstone investors.
According to Frost & Sullivan, XIAO NOODLES is ranked No.1 nationwide in Sichuan–Chongqing–style noodle restaurants and No.4 among all Chinese noodle restaurant operators by gross merchandise value (GMV) in 2024. Over the past three years, the Company has demonstrated remarkable business expansion and financial performance. Revenue surged from RMB 418 million in 2022 to RMB 1.154 billion in 2024, representing a compound annual growth rate of 66.2%, significantly outpacing the broader Chinese quick-service restaurant (QSR) market. The upward trajectory continued into the first half of 2025, during which XIAO NOODLES reported revenue of RMB 703 million, a 33.8% year-over-year increase, while adjusted net profit rose 131.56% to RMB 52.18 million, setting new historical highs.
Founded in Guangzhou in 2014, XIAO NOODLES has grown rapidly through a clear strategic road-map and disciplined operations. Its restaurant network expanded from 133 stores in early 2022 to 465 stores now across 22 cities in mainland China and Hong Kong. An additional 115 new stores are under preparation, putting the Company on track to surpass 500 restaurants by year-end. Notably, the 500th store will open in Singapore, marking the Company's first overseas location and signaling an important step in the global expansion of Chinese noodle cuisine.
XIAO NOODLES operates a scalable business model driven by a combination of self-operated and franchised restaurants. All stores are managed under a centralized, standardized, and digitalized system covering recipe development, centralized procurement, supply chain, site selection, store construction, operations, training, marketing, and quality assurance. The Company focuses on authentic Sichuan–Chongqing flavors, including the signature the Red Bowl Noodles (Mala Noodles with Peas and Meat Sauce), Golden Bowl Noodles (Hot n' Sour Noodles), Wonton Series, and Maocai HotPot Series. Each restaurant typically offers 30 to 40 SKUs, with menu updates introduced regularly to enhance customer experience, ensuring every encounter is warm, familiar, and unforgettable.
The Company has also developed its own end-to-end restaurant operation system, covering both front- and back-end workflows including order management, dine-in and delivery fulfillment, shift scheduling, production control, procurement, inventory management, supply chain collaboration, talent development, and performance evaluation.
Moving forward, the proceeds from the IPO will be used to accelerate the Company's multi-year expansion plan, enhance digital and supply chain capabilities, and advance its international strategy. XIAO NOODLES plans to open 520 to 610 new restaurants over the next three years and has already initiated its overseas development roadmap. The Company's first international location in Singapore is scheduled to open in December 2025, marking a significant step in bringing Chinese noodle culture to global markets and establishing Southeast Asia as a new growth engine.
Listing on HKEX marks a defining milestone in XIAO NOODLES's journey. Guided by the vision of 'From the streets of China to tables across the globe,' the Company will continue to strengthen digital operations, optimize supply chain efficiency, and bring high-quality, high-value Chinese cuisine to consumers in China and around the world.
For more information about XIAO NOODLES, please visit https://www.xiaonoodles.com/en
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
XIAO NOODLES Debuts on HKEX, Becoming the First Listed Chinese Noodle Restaurant Stock
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DUBAI, UAE, Dec. 5, 2025 /PRNewswire/ -- Bybit, the world's second-largest cryptocurrency exchange by trading volume has released its latest Crypto Derivatives Analytics Report in collaboration with Block Scholes, revealing cautiously optimistic signals in cryptocurrency markets following a volatile start to December.
The analysis examines market dynamics following December 1st's sharp selloff, triggered by hawkish signals from the Bank of Japan. Despite positive developments including Vanguard's opening of crypto ETF trading, derivatives data suggests traders remain cautious given that major cryptos are still trading well below all-time highs.
"Cryptocurrencies have been buffeted by multiple crosswinds, from shifting expectations surrounding major central bank policies, to mounting concerns over the viability of DATs," said Han Tan, Chief Market Analyst, Bybit Learn. "Major crypto prices are likely to remain beholden to macro forces over the immediate term, especially with the pivotal Fed rate decision looming, even as the crypto world attempts to shake off the ghosts of the Oct 10 liquidation event," he added.
Key Highlights:
- Market Recovery Underway: BTC has recovered to a two-week high above $93,000, while ETH reclaimed the psychological $3,000 level following a sharp early-December selloff triggered by hawkish signals from the Bank of Japan. Positive catalysts including Vanguard's decision to open its platform for crypto ETF and mutual fund trading have supported the rebound.
- Subdued Downside fear: Options traders have significantly reduced their bearish positioning, with put-call skew premiums declining sharply from 10-13 percentage points at the start of the month to just 2-4 percentage points currently. This indicates traders are pricing crash protection with far less premium than just one week ago.
- Muted Leverage Activity: Open interest in perpetual futures has increased modestly during the recovery, though it remains well below pre-October 10, 2025 levels. The data suggests lower participation rates in leveraged positions, with recent selloffs showing no signs of liquidation cascades that typically characterize over-leveraged markets.
- The Fading Bear: Block Scholes' proprietary Risk Appetite Index indicates that while sentiment is shifting in a positive direction, market participants have not yet turned bullish. This cautious stance is unsurprising given that both BTC and ETH continue to trade significantly below their all-time high levels.
The report also spotlights Basic Attention Token (BAT), which has surged over 100% since 11 October to around $0.27, significantly outpacing the broader altcoin recovery. The Ethereum-based token, which powers Brave browser's privacy-focused advertising ecosystem serving over 100 million monthly users, has helped make social tokens the second-best performing sector over the past month, trailing only privacy coins.
For detailed insights, readers may download the full report.
#Bybit / #TheCryptoArk / #BybitLearn
About Bybit
Bybit is the world's second-largest cryptocurrency exchange by trading volume, serving a global community of over 70 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: media@bybit.com
For updates, please follow: Bybit's Communities and Social Media
Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube
DUBAI, UAE, Dec. 5, 2025 /PRNewswire/ -- Bybit, the world's second-largest cryptocurrency exchange by trading volume has released its latest Crypto Derivatives Analytics Report in collaboration with Block Scholes, revealing cautiously optimistic signals in cryptocurrency markets following a volatile start to December.
The analysis examines market dynamics following December 1st's sharp selloff, triggered by hawkish signals from the Bank of Japan. Despite positive developments including Vanguard's opening of crypto ETF trading, derivatives data suggests traders remain cautious given that major cryptos are still trading well below all-time highs.
"Cryptocurrencies have been buffeted by multiple crosswinds, from shifting expectations surrounding major central bank policies, to mounting concerns over the viability of DATs," said Han Tan, Chief Market Analyst, Bybit Learn. "Major crypto prices are likely to remain beholden to macro forces over the immediate term, especially with the pivotal Fed rate decision looming, even as the crypto world attempts to shake off the ghosts of the Oct 10 liquidation event," he added.
Key Highlights:
- Market Recovery Underway: BTC has recovered to a two-week high above $93,000, while ETH reclaimed the psychological $3,000 level following a sharp early-December selloff triggered by hawkish signals from the Bank of Japan. Positive catalysts including Vanguard's decision to open its platform for crypto ETF and mutual fund trading have supported the rebound.
- Subdued Downside fear: Options traders have significantly reduced their bearish positioning, with put-call skew premiums declining sharply from 10-13 percentage points at the start of the month to just 2-4 percentage points currently. This indicates traders are pricing crash protection with far less premium than just one week ago.
- Muted Leverage Activity: Open interest in perpetual futures has increased modestly during the recovery, though it remains well below pre-October 10, 2025 levels. The data suggests lower participation rates in leveraged positions, with recent selloffs showing no signs of liquidation cascades that typically characterize over-leveraged markets.
- The Fading Bear: Block Scholes' proprietary Risk Appetite Index indicates that while sentiment is shifting in a positive direction, market participants have not yet turned bullish. This cautious stance is unsurprising given that both BTC and ETH continue to trade significantly below their all-time high levels.
The report also spotlights Basic Attention Token (BAT), which has surged over 100% since 11 October to around $0.27, significantly outpacing the broader altcoin recovery. The Ethereum-based token, which powers Brave browser's privacy-focused advertising ecosystem serving over 100 million monthly users, has helped make social tokens the second-best performing sector over the past month, trailing only privacy coins.
For detailed insights, readers may download the full report.
#Bybit / #TheCryptoArk / #BybitLearn
About Bybit
Bybit is the world's second-largest cryptocurrency exchange by trading volume, serving a global community of over 70 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: media@bybit.com
For updates, please follow: Bybit's Communities and Social Media
Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
Bybit & Block Scholes Report: Market Sentiment Shows Early Signs of Recovery
