HK Stock Market Move | XIAOCAIYUAN(00999) rose by over 3% recently, and it plans to establish a joint venture to develop online and community instant food business, aiming to tap into high-quality supply chain resources and growth potential.

XIAOCAIYUAN (00999) rose over 3%, as of the time of writing, it rose 3.68% to HK$8.74, with a turnover of HK$1344.74 million. On the news front, recently, XIAOCAIYUAN announced that on January 13, 2026 (after trading hours), XIAOCAIYUAN Catering (a wholly-owned subsidiary of the company), Mr. Deng Gaok, and Mr. Tian Chunyong have entered into a cooperation agreement. The agreement includes the parties agreeing to jointly invest in establishing a joint venture company to carry out various businesses including but not limited to online shopping malls and "community instant food stores". After the completion of this transaction, the joint venture company will become a non-wholly-owned subsidiary of the company. The announcement stated that the joint venture company will explore the growth potential of high-quality supply chain resources, create a new food consumption platform integrating online shopping malls, community retail, and instant food consumption, enhance brand value and market share, promote the realization of the group's overall strategic goals, and further enhance the group's market competitiveness.