Nayuki serves up cup of red ink in China’s overheated tea wars
The bubble tea chain’s revenue slipped 1.9% in the first half of the year, as an 8% decline for its self-operated stores was mostly offset by gains for its newer…
Green Tea brews up IPO-funded small-town expansion plan
The restaurant operator has made its fourth application for a Hong Kong listing, aiming to use the funds for an aggressive move into China’s less-affluent ‘sunken markets’ Key Takeaways: Green…
Chabaidao joins Hong Kong IPO tea party
The country’s third-largest premium tea chain operator has grown rapidly using a franchise model, and outperforms its peers in terms of gross margin Key Takeaways: Chabaidao’s revenue grew 34.8% to…
Auntea Jenny steeped by rivals in flood of bubble tea IPOs
The folksy-named company is the latest chain from an increasingly crowded and cut-throat Chinese premium tea industry to seek investor dollars in Hong Kong Key Takeaways: Premium tea chain Auntea…
Modern China Tea Shop fights the flow with traditional flavors, directly operated stores
The seller of more traditional premium teas is reportedly planning a Hong Kong IPO, which would make it the latest on a growing list of rivals seeking such listings Key…
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