A Xinjiang-based bakery chain has filed documents with US regulators to raise funds from Nasdaq. Photo: Bloomberg
Xinjiang patisserie chain Chanson plans to raise US$22 million on Nasdaq to finance its expansion in the United States
- Urumqi-based patisserie chain Chanson International, which has been operating a restaurant in New York since 2017, plans to open another in the city in the summer
- Group claims China’s labour contract law subjects it to stringent requirements on labour contracts and statutory employee benefits
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A Xinjiang-based bakery chain has filed documents with US regulators to raise funds from Nasdaq. Photo: Bloomberg