Restructuring hits Want Want’s bottom line, as top line ekes out growth
The veteran food giant’s revenue began expanding again in its latest fiscal year, but channel reconstruction, new product promotions and rising costs depressed its profit Key Takeaways: Want Want's revenue…
BRIEF: Budweiser APAC’s profit, revenue fall on China slowdown
Budweiser Brewing Co. APAC (1876.HK) said on Thursday that its revenue last year fell 7.7% from 2024 to $5.76 billion, while its annual profit slid 32.6% to $489 million. The…
BRIEF: Chinese ‘Red Bull rival’ Eastroc targets $1.3 billion in Hong Kong IPO
Energy drink manufacturer Eastroc Beverage (Group) Co. Ltd. (9980.HK, 605499.SH) launched its IPO on Monday, aiming to sell 40.89 million shares for HK$248 apiece to raise HK$10.1 billion （$1.3 billion）.…
BRIEF: China weakness drags down Budweiser APAC’s profit, revenue
Beer maker Budweiser Brewing Co. APAC Ltd. (1876.HK) (Bud APAC) said on Wednesday its revenue fell 7% last year to $6.25 billion, while its profit dropped by 14% to $726…
Coming Soon to Your Nearby Nayuki: Pricier Premium Tea Served by Robots
Beverage chain is squarely focused on higher end of competitive market, with 45% of its stores now labeled with its upmarket Nayuki PRO sub-brand Key Takeaways: Nayuki accelerated its aggressive…
Teahouse Operator Nayuki Gets Scalded in Food Safety Scandal
Premium tea seller’s shares sink 10% after report finds cockroaches at two shops, but then bounce back in following session Key points: Shares of premium tea seller Nayuki plunged after…
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