MINISO Group Holding Limited (09896) opened more than 5% higher, rising 5.68% to HK$18.99 as of press time, with a turnover of HK$6.0046 million.

On the evening of October 9, MINISO announced that its gross merchandise value (GMV) in mainland China for the third quarter ended September 30 grew 25% to 30% year-on-year, further accelerating from the first half of the 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 increased 20% to 25% year-on-year, mainly driven by low-single-digit same-store sales growth.

In overseas markets, U.S. GMV grew about 20% year-on-year in the third quarter, and its GMV growth rebounded to more than 30% in September, driven by the arrival of new products, achieving positive same-store sales growth.

As for YOYO, its GMV exceeded RMB 1 billion in the first nine months and has expanded to 53 countries and regions worldwide.