- Business
- Qibu Co., Ltd. (603557.SS) designs, develops, produces and sells children's footwear, apparel and accessories under the ABC KIDS brand primarily in China and internationally. The company offers leather shoes, sports shoes, t-shirts, sweaters, shirts, pants, skirts, coats, suits, woolen coats, jackets, bags, hats, hosiery, underwear, swimwear and other children's accessories; it distributes products through physical stores and provides original equipment manufacturer services. Founded in 2009 and headquartered in Huzhou, China, Qibu operates in the consumer discretionary sector, focusing on the children's apparel manufacturing industry with an integrated model spanning design to retail. Recent shareholder changes include Huzhou Hongyu Enterprise Management Partnership (Limited Partnership) signing a share transfer agreement to acquire a 29% stake and Lishui Fuzhe Jianbu Equity Investment Partnership Enterprise Limited Partnership signing an agreement to acquire a 5.8% stake; the company also agreed to acquire an 11.4% stake in Shenzhen Zehui Technology Co., Ltd. for CNY 200 million, though it cancelled a prior plan to acquire remaining stakes in certain entities.