BRIEF: Tech stocks shine in Hang Seng Composite review, consumer and pharma lag
Hong Kong’s benchmark Hang Seng Index (HSI) remained unchanged at 83 constituents in the compiler’s latest adjustments, while the Hang Seng Composite Index’s (HSCI) constituents dropped from 517 to 505…
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…
FAST NEWS: Nayuki Acquires Stake in Tea-Maker Peer Lelecha for $75 Million
The latest: Premium tea chain operator Nayuki Holdings Ltd. (2150.HK) said on Monday it agreed to acquire 43.64% of rival Lelecha for 525 million yuan ($75 million). Following the purchase, Lelecha will become a…
FAST NEWS: Nayuki Swings to Loss as Covid Hits Tea Consumption
The latest: Premium tea chain operator Nayuki Holdings Ltd. (2150.HK) issued a profit warning on Friday, saying it expects to record an adjusted net loss of 230 million yuan to 270 million yuan ($34…
FAST NEWS: Nayuki’s Same-store Order Back To Normal, Actively Expanding Smaller Teahouses
The latest: Chinese premium tea chain group Nayuki Holdings Ltd. (2150.HK) said last Friday that same-store order volume in June this year returned to the same level as year earlier, with Covid-19 coming…
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