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.
The fraud scandal hasn’t knocked Luckin out of the ring: today, it remains China's second-largest coffee chain. How did Luckin survive the turmoil?
On Dec. 3, Nayuki's Tea held its second “Tea Drinkers Summit" in Shanghai. At the summit, Nayuki released a white paper along with CBNData revealing young people’s beverage drinking habits in 2020.
Chinese tea beverage chains HeyTea and Nayuki Tea & Bakery are looking to be listed in Hong Kong next year, respectively aiming to raise $400-500 million, according to a report by The Paper.