Zeekr’s buyout stalls, and Chagee’s returns cool
A group of early investors in NEV maker Zeekr have protested a recent privatization bid for the company, saying it's too low. Will the buyer heed their complaints and raise its offer? And Chagee's maiden quarterly results show its revenue grew at just half the rate of its new store openings. What's behind the evaporting returns?
BRIEF: Auntea Jenny surges in Hong Kong trading debut
Shares of bubble tea chain operator Auntea Jenny (Shanghai) Industrial Co. Ltd. (2589.HK) opened at HK$190.60 in their Hong Kong trading debut on Thursday, up 68% from their IPO price…
Delisting speculation, and a new tea listing
Speculation is growing on a potential delisting of Chinese shares from New York in the growing US-China trade war. Could such a mass delisting really happen? And a purist premium tea maker named Chagee raises $400 million in a Nasdaq IPO. What sets this company apart from its many rivals?
NEWS WRAP: Chagee raises $411 million in Nasdaq IPO
The listing was the first in the U.S. by a Chinese premium tea drink maker, which prides itself on the simplicity of its products and focus on the country’s ancient…
Forget the pearls and cheese, Chagee says, offering up simpler milk teas for U.S. investors
The premium tea chain has filed to list on the Nasdaq, reporting its revenue rose more than 20-fold between 2022 and 2024 Key Takeaways: Chagee has filed for a New…
BRIEF: Mixue posts strong profit, revenue gains in first post-IPO report
Leading bubble tea chain Mixue Group (2097.HK) on Wednesday said its revenue reached 24.83 billion yuan ($3.42 billion) last year, up 22.3% from 2023, according to its first financial report…
BRIEF: Mixue surges on Hong Kong trading debut
Shares of leading bubble tea chain operator Mixue Group (2097.HK) surged in their Monday trading debut in Hong Kong, opening up 29% from their HK$202.50 IPO price after being heavily…
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