Showing 12 of 31 posts with this tag
In this week’s VC news: HeyTea to raise a new massive round, WeRide raising over $600 million in just 5 months and early stage startup focused VC fund Northern Light closes new round.
Nayuki's Tea, or Nayuki, one of the buggest bubble trea chians in China, aims to complete a $100 million fundraising to compete with major rival HEYTEA.
Chinese tea beverage chains HeyTea and Nayuki Tea & Bakery are looking to be listed in Hong Kong next year, respectively aiming to raise $400-500 million, according to a report by The Paper.
AI, Big Data, Telematics and Logistics services caught investors’ attention and raised significant funds, hinting at a bright future for such services in the digitizing world.
According to PEDaily, several independent sources said that Chinese milk tea chain HeyTea is about to complete a new round of funding. At present, the amount of funding for this round has not been disclosed, though the company is currently valued at around $9.27 billion. HeyTea did not comment on the matter.
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.
Nayuki Tea, one of the biggest bubble tea chains in China, will complete a new round of funding that will help the company raise close to $100 million.
Chinese artificial meat brand Starfield jointly launched plant-based “meat” dumplings with a food group on Thursday.
HeyTea issued an apology for the detection of microbial contamination in beverages sold in Nanjing stores and listed five corrective measures.
Chinese beverage chain Luckin Coffee announced its launch of a new round of partner recruitment to expand franchised stores on December 5. The initiative covers nine provinces and 41 urban areas, mainly in third- and fourth-tier cities.
If Luckin is not the “Starbucks of China”, the question arises as to who is or has the potential to be?
Chinese low-calorie beverage brand Genki Forest is expecting to slow down its growth in 2022 after several years of high speed development.