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…
Chabaidao cancels dividend, Nayuki swings to red as bubble tea sector boils over
China’s premium tea space has become rife with cutthroat competition, with 3,000 brands and up to 420,000 stores fighting for business at the end of last year Key Takeaways: Chabaidao…
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