NEWS WRAP: Chagee raises $411 million in Nasdaq IPO
The listing was the first in the U.S. by a Chinese premium tea drink maker, which prides itself on the simplicity of its products and focus on the country’s ancient…
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…
Nayuki Brews Comeback With Slimmed-Down Shops, Automation
Premium tea chain sank into the red in second half of last year, but is hoping to turn things around with its new chain of smaller-format stores Key takeaways: Nayuki…
FAST NEWS: Cosmetic Surgery Platform So-Young Gets Privatization Offer
The latest: Plastic surgery services platform So-Young International Inc. (SY.US) announced it has received an offer from a group led by its co-founder and Chairman Jin Xing to take the…
Nayuki Goes Upmarket in Search of Better Margins, Cooler Competition
Premium tea specialist says it will record an adjusted net loss for 2021, blaming Covid-related disruptions Key Takeaways: Nayuki said it expects to post an adjusted net loss for 2021…
Premium Tea Superstar HeyTea Brews Up Frothy Valuation
‘Celebrity’ tea shop operator was worth $9.3 billion after latest funding that raised $500 million Key points: HeyTea’s latest $500 million fundraising and $9.3 billion valuation represent a significant premium…
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