Guming to raise $250 million through zero-coupon convertible bond issue
Bubble tea chain Guming Holdings Ltd. (1364.HK) saidon Wednesday it plans to issue HK$1.96 billion ($250 million) in zero-coupon guaranteed convertible bonds and launch a share buyback to improve its…
BRIEF: Auntea Jenny’s profit jumps 52% as store expansion accelerates
Bubble tea chain operator Auntea Jenny (Shanghai) Industrial Co. Ltd. (2589.HK) announced on Tuesday its revenue rose 36% year-on-year in 2025 to 4.47 billion yuan ($649 million), while its net…
China’s franchising boom cooks up new giants, leaves mid-tier Western chains behind
"Geopolitics and the aftermath of Covid provided conditions for Chinese consumers to start favoring domestic brands, to the detriment of Western brands that were not sufficiently or strongly established in…
Auntea Jenny survives at periphery of China bubble tea market. Drink with caution
After a difficult period of revenue contraction in 2024, the mid-tier premium tea seller returned to strong profit growth last year Key Takeaways: Auntea Jenny said it expects to report…
Mixue dips toe into beer market with first major post-IPO purchase
The leading milk tea chain will pay $40 million for 51% of Fulujia, one of the country’s leading operators of stores selling beer-based drinks Key Takeaways: Mixue will pay 285.6…
Despite stellar results, Mixue gets investor cold shoulder as delivery wars wind down
Analysts are calling the leading bubble tea chain’s revenue and profit gains unsustainable as its takeout delivery partners pledge to cut back on discounts and vouchers Key Takeaways: Mixue’s shares…
NEWS WRAP: Chagee posts double-digit growth, as global expansion advances
The premium tea chain’s revenue rose 10.5% in the second quarter, as it entered the U.S. with its first store in Los Angeles https://youtu.be/4XDOwHwZ-cI By Doug Young Premium tea…
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