HeyTea Denies Reports of Plan to List on Hong Kong Stock Exchange Next Year

(Source: Sina) 

On August 4, Chinese domestic media reported that HeyTea may go public in Hong Kong next year, with a target valuation of HK $150 billion ($19.29 billion). However, HeyTea responded that they have no listing plan at present.

According to business data firm Tianyancha, after this year’s D round of financing, HeyTea’s valuation has reached 6…