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…
NEWS WRAP: Nayuki pours up first annual profit
The premium tea chain aims to expand through franchising to boost its growth amid intense competition By Teri Yu Premium tea seller Nayuki Holdings Ltd. (2150.HK) on Wednesday reported its first annual profit since…
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…
Guming joins China’s tea market party with IPO bid
The tea chain that sells fruity and milky brews in China’s smaller cities has been dubbed a cheaper version of the upmarket Heytea brand Key Takeaways: As of the end…
Mixue brews up renewed IPO bid, tempting investors with overseas expansion
After an aborted attempt to list on China’s domestic A-share market, the country’s leading bubble tea chain has filed a new IPO application for Hong Kong Key Takeaways: Mixue has…
Mixue Bingcheng brews up success with age-old formula: low prices
The leading ice-cream and tea chain is preparing to open its first store in Hong Kong, boosting its image locally as it reportedly gets set to list in the city…
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…
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