Showing 5 of 17 posts with this tag
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.
At the end of June, tea brand Nayuki announced its launch of a virtual stock activity, causing controversy among web users. Now the firm called a halt to the activity.
Nayuki's tea issued an apology on the morning of August 24 in response to recent concerns about their establishment's food safety.
On Thursday, Chinese beverage brand Nayuki announced a sharp price reduction as it launched a new series named "Relaxation". Its stock price rose by 14.89% today on the HKEx, closing at HK $4.86.
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.