Milk Tea Archives

Chinese Tea Chain Mixue Enters South Korea and Japan

Mixue, a Chinese tea-based beverages brand that is set to list on the main board of the Shenzhen Stock Exchange, has recently entered the South Korean and Japanese markets.

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

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.

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.

HeyTea to Complete New Round of Funding for $9.27 Billion

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.

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.

Changsha Milk Tea Brand Faces Backfire from Sexist Advertising

Trending milk tea chain Chayan Yuese (茶颜悦色) has fallen under harsh criticism recently in response to its use of sexist jokes in advertising campaigns.

China VC Weekly: Robots, Art Education and Milk Tea

Most prominent fundraising news of last week brought together robot-maker Flexive, raising $100 million for expansion, online art education platform Meishubao, bagging over $210 million, and one of China’s most popular milk tea brands, Nayuki

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