Zaihui HKEX IPO filing lapses; China's largest provider of online operations and marketing solutions for the food and beverage industry

NewTimeSpace News: Zaihui Inc. submitted its listing application to HKEX on 13 February 2026, which has lapsed after six months. Haitong International acted as the original sole sponsor.

The Company is China's largest provider of online operations and marketing solutions for the food and beverage (F&B) industry, helping local merchants manage, market and monetise their businesses with AI-first solutions. Its full-stack model seamlessly integrates strategy and execution, delivering comprehensive solutions covering store diagnostics, automated operations recommendations and precise traffic acquisition. Two proprietary engines, the AI Xiaohui module and the AI influencer matching module, work in tandem through the internal operations support system Qilin, ensuring solutions are delivered at scale with consistent quality.

As of 30 September 2025, the Company had served 43,890 clients cumulatively since its inception (up 23.8% from the end of 2024), with average revenue per user increasing by 10.9%. According to CIC (China Insights Consultancy), the Company held market shares of 9.8% and 14.4% on Xiaohongshu and Dianping respectively, and ranked first by growth rate among China's top three new media solutions providers in 2024.

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