According to Hong Kong Exchanges and Clearing disclosures on June 29, Yangtuo Holdings Inc. (Haipaike) submitted an application to list on the Hong Kong Stock Exchange main board, with Bank of Communications International as the sole sponsor. The company previously submitted a listing application on June 30, 2025.
Haipaike operates as a trading and service platform serving the home care and nutrition products industry in China's lower-tier markets. The platform connects sellers with diverse buyers through a dual-model approach: a digital platform mode that streamlines supply chains, and a self-operated model through which the company holds inventory and sells directly via its platform.