Nayuki faces investor backlash over costs, pay and products as shares tank
By Sina Finance Shares of Nayuki Holdings Ltd. (2150.HK) have plunged about 96% from their peak since listing in Hong Kong, wiping out more than HK$30 billion ($3.82 billion) 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…
BRIEF: Guming slumps in Hong Kong debut after raising $220 million
Shares of bubble tea seller Guming Holdings Ltd. (1364.HK) opened up 0.6% in their Hong Kong trading debut on Wednesday, but later reversed course as demand weakened. Shares were sold…
Hong Kong brews up bubble tea listings. But which ones are the sweetest?
Bubble tea chains Guming and Auntea Jenny took big steps forward on financial markets last Friday
BRIEF: Guming passes Hong Kong listing hearing in bubble tea race to market
Bubble tea chain operator Guming Holdings Ltd. has passed its Hong Kong listing hearing, clearing the last major regulatory hurdle before its planned IPO, according to information from the Hong…
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