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…
Luckin brews up tumbling margins, falling profits as competition overheats
China’s leading coffee chain said its second-quarter revenue rose 35.5%, even as it opened new stores at a far faster pace to pass the 20,000-store milestone Key Takeaways: Luckin’s revenue…
PODCAST: US Targets China EVs, and the Passing of a Beverage Tycoon
President Joe Biden has launched an investigation into whether Chinese new energy vehicles could pose a national security threat. And beverage tycoon Zong Qinghou is dead at the age of 79.
Coming Soon to Your Nearby Nayuki: Pricier Premium Tea Served by Robots
Beverage chain is squarely focused on higher end of competitive market, with 45% of its stores now labeled with its upmarket Nayuki PRO sub-brand Key Takeaways: Nayuki accelerated its aggressive…