beverage

In Conversation With Tang Binsen of Chinese Beverage Giant Genki Forest: A Mogul, a Pirate, a Product Manager

Tang and his entrepreneurial story may someday become a classic case study taught in business schools. Whether about success or failure, it is certain to be extremely exciting.

Genki Forest to Complete a New Round of Financing Worth Nearly $200 Million Led by Temasek

Genki Forest is about to complete a new round of financing worth nearly $200 million, making its market valuation reach $15 billion.

Genki Forest Suffers Huge Losses Due to Taobao Online Shop Operation Accidents

On Wednesday afternoon, emerging beverage brand Genki Forest, saw the retail price of its products sold online for less than what it costs the company to produce the beverages.

Luckin Coffee‘s Net Revenue in H1 2021 Increased 106% YoY to Nearly $500 Million

On Thursday, Chinese beverage chain Luckin Coffee announced its financial results for the first half of 2021, showing total net revenue of 3,182.5 million yuan ($497.743 million)

Genki Forest Denies Rumors Its Latest Valuation Is Approaching $15 Billion

It was reported that Genki Forest "is nearing completion of a new round of financing, with a target valuation of $14-15 billion, which is more than doubled compared with the previous round of $6 billion."

HeyTea Completes Financing Round Worth $500 Million, Raising Market Value to $9 Billion

Chinese milk tea chain HeyTea on Tuesday announced it has secured $500 million in new financing, led by IDG Capital, He Boquan, Longzhu Capital, Sequoia China, BA Capital, Tencent, Hillhouse Group, Coatue and other investors.

Nongfu Spring Denies Using Ingredients from Fukushima in Soda Water

In response to public discussions, Hangzhou-based bottled water giant Nongfu Spring asserted that there were no ingredients imported from Fukushima, Japan, in its soda products.

Bubble Tea Chain Nayuki Obtains Go-Ahead for $500 Million Hong Kong IPO

Premium bubble tea chain Nayuki Holdings passed a hearing for its initial public offering on the Hong Kong Stock Exchange, becoming the first publicly-listed Chinese high-end beverage brand.

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