BRIEF: Guming grows, Chabaidao shrinks in China tea tempest
Guming Holdings Ltd. (1364.HK) reported on Friday its revenue rose 14.5% last year, while smaller rival Sichuan Baicha Baidao Industrial Co. Ltd. (2555.HK) said its revenue fell by a similar…
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…
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BRIEF: Guming grows, Chabaidao shrinks in China tea tempest
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