HeyTea's First Store in the US Lands on Broadway, Accelerating Its Global Expansion
On December 8th, the HeyTea Broadway store in New York officially opened for business, marking the official launch of HeyTea's development in the US market.
Tag: #Bubble Tea
Showing 12 of 16 posts with this tag
Luckin Tea Halts New Franchises, Most Stores Renamed Luckin Coffee
Some Luckin Tea stores have changed their signboards and menus to match Luckin Coffee. One Luckin Coffee staff member also confirmed that some Luckin Tea stores in Beijing have already changed their names, while those in other provinces and cities have not yet been renamed.
8/23/20212 min read
Nayuki Tea Releases First Financial Report After IPO
Nayuki Tea on Wednesday released its first financial report since listing publicly, showing that revenues in the first half of 2021 reached 2.126 billion yuan ($328.1 million), a year-on-year increase of 80.2%.
8/27/20213 min read
Chinese Bubble Tea Chain Nayuki’s Tea Releases 2020 White Paper on Millennial’s “Drinking” Habits
On Dec. 3, Nayuki's Tea held its second “Tea Drinkers Summit" in Shanghai. At the summit, Nayuki released a white paper along with CBNData revealing young people’s beverage drinking habits in 2020.
12/8/20202 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
Chi Forest Co-Founder Lu Jiao Replaced as Product Leader
Lu Jiao, the co-founder of Chinese beverage firm Chi Forest, has reportedly relinquished her previous role as product leader. An employee referred to in domestic media simply by the name Nicolas will now be in charge of beverages like carbonated water, electrolyte water, and diet tea.
12/22/20223 min read
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
Chinese Tea Brands Including Mixue and HeyTea Eye Southeast Asia
With increasingly fierce competition in the Chinese tea-based beverages market, more and more domestic enterprises are turning their attention overseas.
11/16/20223 min read
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.
6/7/20213 min read
Nayuki's Tea Edges Down Amid Debut Hong Kong IPO
On the first day of its listing, Nayuki's Tea dropped by over 10%, dropping to the lowest price of HK $17.3 per share and an issue price of HK $19.8 per share.
6/30/20212 min read
Most Popular Chinese Milk Tea Brands 2020
Milk tea has become a new trend among China’s younger generations. Over the years, we’ve seen some popular milk tea brands emerging in China.
11/7/20205 min read