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: Auntea Jenny passes listing hearing, paving the way for Hong Kong IPO
The premium tea chain’s listing would be the final one in a recent string of similar IPOs that will collectively raise nearly $2 billion By Doug Young Auntea Jenny…
BRIEF: Guming grows, Chabaidao shrinks in China tea tempest
Guming Holdings Ltd. (1364.HK) reported on Friday its revenue rose 14.5% last year, while smaller rival Sichuan Baicha Baidao Industrial Co. Ltd. (2555.HK) said its revenue fell by a similar…
NEWS WRAP: Nayuki COO leaves amid growing challenge from larger peers
The bubble tea chain announced the senior executive departure days after it was ousted from the benchmark Hang Seng Composite Index By Teri Yu Nayuki Holdings Ltd. (2150.HK) on Wednesday…
BRIEF: Mixue serves up $444 million IPO
Leading bubble tea chain operator Mixue Group (2097.HK) launched its Hong Kong IPO share sale on Friday, saying it would sell about 17 million shares for HK$202.50 apiece to raise…
