Luckin eyes new challenge to Starbucks with potential Costa bid
China’s leading coffee chain is reportedly in discussions with one or more banks for a $900 million loan to finance a bid for the British coffee chain, which is being…
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: Mixue posts strong profit, revenue gains in first post-IPO report
Leading bubble tea chain Mixue Group (2097.HK) on Wednesday said its revenue reached 24.83 billion yuan ($3.42 billion) last year, up 22.3% from 2023, according to its first financial report…
BRIEF: Mixue surges on Hong Kong trading debut
Shares of leading bubble tea chain operator Mixue Group (2097.HK) surged in their Monday trading debut in Hong Kong, opening up 29% from their HK$202.50 IPO price after being heavily…
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…
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