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…
Hong Kong’s lukewarm IPO market may be about to heat up
Hong Kong has struggled to attract big listings in a weak overall market, pushing its IPO takings down sharply in the first half, but some higher profile deals could be…
Nayuki tweaks franchising model as competitors serve up rival listings
The premium tea seller had 205 franchised stores in its network at the end of March, following its decision last year to diversify beyond self-operated stores Key Takeaways: Nayuki’s new…
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…
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