Coffee Brand Seesaw Coffee Completes A++ Round Financing
Seesaw Coffee has completed an A++ round financing worth several hundred million yuan. This round of financing was led by BA Capital and followed by Costone Capital.
2/28/20223 min read
Tag: #beverage
Showing 12 of 28 posts with this tag
Chinese Beverage Chain HeyTea Denies Rumors of Mass Layoffs
Chinese beverage chain HeyTea has denied a report on Wednesday that it has been carrying out major internal layoffs, claiming that its adjustment of a small number of employees is part of its normal business operations.
2/9/20223 min read
Chinese Economical Beverage Brand MXBC Enters Singapore and Malaysia
MXBC, a chain brand dedicated to creating fresh ice cream and tea drinks in China, has officially entered Singapore and Malaysia, two Southeast Asian countries.
3/4/20222 min read
Luckin Coffee to Pay $180 Million to Settle Accounting Fraud Charges
Chinese beverage chain Luckin Coffee filed a document on Friday with the SEC, showing that the company had met conditions for reaching a settlement agreement whereby it will pay a fine of $180 million.
2/6/20222 min read
Dongfang Honghu Receives Financing from ByteDance
Dongfang Honghu recently completed an angel round financing of over 100 million yuan ($15.69 million), led by ByteDance.
1/6/20223 min read
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."
10/21/20212 min read
HeyTea Sets Beverage Price Limit at $4.6
HeyTea, a beverage brand in China, announced on Thursday that it has completed product price adjustments started in January of this year.
2/24/20222 min read
Starbucks Closes Stores Due to Food Safety Issues
In response to recent food safety problems, Starbucks China posted on its official Weibo account a statement on Monday saying that it had immediately closed two stores involved in a food safety scandal.
12/13/20213 min read
Nayuki's 2021 Adjusted Net Loss Between $672M to $678M
Chinese bubble tea chain Nayuki announced on Tuesday that it is expected to earn about 4.28 billion ($672 million) to 4.32 billion yuan in revenue and about 135 million to 165 million yuan in adjusted net losses (non-IFRS measure) in 2021.
2/8/20222 min read
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.
Beijing-Based Beverage Firm Genki Forest Undergoes Organizational Adjustment
Chinese beverage company Genki Forest has been undergoing extensive adjustments to its organizational structure recently.
12/23/20212 min read
Nayuki Bets $152 Million on Bottled Tea
Chinese bubble tea chain Nayuki is in urgent need of acquiring a ready-to-drink (RTD) production line due to the recent sharp increase in sales of ready-to-drink products.
4/26/20223 min read