China's Miniso rings up 16% net profit jump as North American stores double

GUANGZHOU -- Miniso Group Holding, a Chinese retailer of lifestyle goods, has reported a 15.9% year-on-year rise in net profit to 2.6 billion yuan (about $358 million) for 2024, propelled by a fast-growing store network in North America and beyond.

Group revenue for the New York- and Hong Kong-listed company jumped 22.8% to a record 16.9 billion yuan.