# Shi Lei

China’s Foot Massage King Eyes Hong Kong IPO: A Test of Scalability for the Wellness Industry

Huaxia Liangzi, China's leading foot massage and wellness chain, has initiated a Hong Kong IPO process to become the industry's first major listed entity. While the company boasts a massive global footprint, it faces significant hurdles regarding its labor practices, centralized family ownership, and reliance on prepaid membership models.