NEWS WRAP: Auntea Jenny passes listing hearing, paving the way for Hong Kong IPO
The premium tea chain’s listing would be the final one in a recent string of similar IPOs that will collectively raise nearly $2 billion By Doug Young Auntea Jenny…
Coconut water maker If seeks investor warmth in Hong Kong
China’s top coconut water seller has switched its sights for an IPO from Singapore to Hong Kong, seeking to list as an important deadline looms in 2026 Key Takeaways: Coconut…
Red Bull slayer Eastroc chases Hong Kong IPO to boost global charge
After finding a strong audience for its stock among domestic investors, the functional beverage maker aims to offer its stock to global buyers as well Key Takeaways: Eastroc has filed…
Singapore business dynasty has Vitasoy in its sights
The Hong Kong beverage brand has been recovering from a sales slump in mainland China, but its founding family could now face a takeover challenge Key Takeaways: Vitasoy’s profits rose…
Nongfu Spring founder casts spotlight on destructive price wars plaguing China
Billionaire Zhong Shanshan blamed low-cost e-commerce platform Pinduoduo, as well as short-video site Douyin, for the cutthroat competition Key Takeaways: Nongfu Spring has criticized China’s cutthroat price wars, even as…
Budweiser’s China glass drains as consumers have less to toast
The brewer’s Asia unit is being tripped up by slowing business in its largest regional market where a slowing economy is leading to growing consumer caution Key Takeaways: Budweiser APAC’s…
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…