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…
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…
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…
Oriental Culture Builds Up Lively Business on Art, Wine and Tea Traders
Young company has carved out a comfortable niche in C2C e-commerce, fueling triple-digit growth in both revenue and profits last year Key Takeaways: Oriental Culture’s revenue doubled last year to…
Coming Soon to Your Nearby Nayuki: Pricier Premium Tea Served by Robots
Beverage chain is squarely focused on higher end of competitive market, with 45% of its stores now labeled with its upmarket Nayuki PRO sub-brand Key Takeaways: Nayuki accelerated its aggressive…
Mild Manner Coffee Takes on Starbucks in China With ‘Street Coffee’
Newer chains like the ByteDance-backed startup are using small-store format to change the big game in China’s vibrant coffee market Key takeaways: Manner Coffee is at the forefront of a…
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