FAST NEWS: Chabaidao’s weak debut bodes poorly for stream of new bubble tea stocks
The Latest: Shares of Sichuan Baicha Baidao Industrial Co. Ltd. (2555.HK), also known as Chabaidao, fell 26.9% from their IPO price of HK$17.50 to close at HK$12.80 in their Tuesday…
CHINA BULLETIN: China Economy Off to Strong Start in 2024
In this week’s issue GDP booms, WhatsApp gets the boot and a liquor bubble pops. On a scale of 1 to 100, we give the week a 50 for offshore-listed…
Nayuki tweaks franchising model as competitors serve up rival listings
The premium tea seller had 205 franchised stores in its network at the end of March, following its decision last year to diversify beyond self-operated stores Key Takeaways: Nayuki’s new…
Chabaidao joins Hong Kong IPO tea party
The country’s third-largest premium tea chain operator has grown rapidly using a franchise model, and outperforms its peers in terms of gross margin Key Takeaways: Chabaidao’s revenue grew 34.8% to…
Auntea Jenny steeped by rivals in flood of bubble tea IPOs
The folksy-named company is the latest chain from an increasingly crowded and cut-throat Chinese premium tea industry to seek investor dollars in Hong Kong Key Takeaways: Premium tea chain Auntea…
Modern China Tea Shop fights the flow with traditional flavors, directly operated stores
The seller of more traditional premium teas is reportedly planning a Hong Kong IPO, which would make it the latest on a growing list of rivals seeking such listings Key…
HeyTea brings its bubbly brew to Europe. But are its prospects deflating?
Chaotic opening in London’s Chinatown may create the wrong kind of buzz as China’s leading bubble-tea chain tries to expand beyond Asia Key Takeaways: HeyTea’s opening of a London store,…