Recently, seeing Pop Mart rebound again, with southbound capital being quite active, veteran players might find some small comfort. But on the other hand, Mixue Bingcheng recently had its rating cut, and its stock price has been sluggish, which is a bit frustrating. While its takeout business is doing fine, its stock performance is disappointing. As for companies like Lexin Outdoor and Muyuan Food that are going through IPOs, it’s just for fun to watch, since the market isn’t as easy to fool these days—everyone’s holding cash and taking a closer look before acting. Chasing the new and sticking to the old—it’s getting more and more laid-back…