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.
Tea brand Nayuki launched its campaign to celebrate the first anniversary of its IPO by giving away virtual shares for every tea drink.
Chinese bubble tea chain Nayuki is in urgent need of acquiring a ready-to-drink (RTD) production line due to the recent sharp increase in sales of ready-to-drink products.
Nayuki Holdings Limited, a new-style beverage brand, announced the latest financial report of its operations in the first quarter of this year on Thursday.
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.
HeyTea, a beverage brand in China, announced on Thursday that it has completed product price adjustments started in January of this year.
Chinese bubble tea chain Nayuki announced on Tuesday that it is expected to earn about 4.28 billion ($672 million) to 4.32 billion yuan in revenue and about 135 million to 165 million yuan in adjusted net losses (non-IFRS measure) in 2021.
Dongfang Honghu recently completed an angel round financing of over 100 million yuan ($15.69 million), led by ByteDance.
Nayuki Tea on Wednesday released its first financial report since listing publicly, showing that revenues in the first half of 2021 reached 2.126 billion yuan ($328.1 million), a year-on-year increase of 80.2%.
Nayuki's tea issued an apology on the morning of August 24 in response to recent concerns about their establishment's food safety.
Nayuki’s Tea on Wednesday announced that recent reports regarding food safety issues and the review of the regulatory authorities will not have any significant adverse impact on the group's operations and financial situation.
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.
On the first day of its listing, Nayuki's Tea dropped by over 10%, dropping to the lowest price of HK $17.3 per share and an issue price of HK $19.8 per share.
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.
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.