Nayuki tweaks franchising model as competitors serve up rival listings
The premium tea seller had 205 franchised stores in its network at the end of March, following its decision last year to diversify beyond self-operated stores Key Takeaways: Nayuki’s new…
Chabaidao joins Hong Kong IPO tea party
The country’s third-largest premium tea chain operator has grown rapidly using a franchise model, and outperforms its peers in terms of gross margin Key Takeaways: Chabaidao’s revenue grew 34.8% to…
PODCAST: Shaky Regional Banks, and Bubble Tea IPOs
By Doug Young & Rene Vanguestaine China's big national banks are growing wary of their smaller regional counterparts. Will this put further pressure on the smaller lenders, many of which…
Mixue brews up renewed IPO bid, tempting investors with overseas expansion
After an aborted attempt to list on China’s domestic A-share market, the country’s leading bubble tea chain has filed a new IPO application for Hong Kong Key Takeaways: Mixue has…
PODCAST: An EV Newbie Goes to Wall Street, and a Bubble Tea Giant to Hong Kong
By Doug Young & Rene Vanguestaine EV maker Zeekr, owned by car giant Geely, has filed for a New York IPO to raise as much as $1 billion. But with…
Nayuki brews up traditional teahouse concept
The premium tea seller opened its first teahouse concept store in Shenzhen over the weekend, serving traditional-style teas and snacks at affordable prices Key Takeaways: Nayuki is experimenting with a…
PODCAST: China kills a global chip deal, and a leading bubble tea maker goes to London
China has vetoed the purchase of Tower Semiconductor by Intel. And bubble tea maker HeyTea has opened its first store in London.
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