Lu Jiao, the co-founder of Chinese beverage firm Chi Forest, has reportedly relinquished her previous role as product leader. An employee referred to in domestic media simply by the name Nicolas will now be in charge of beverages like carbonated water, electrolyte water, and diet tea.
With increasingly fierce competition in the Chinese tea-based beverages market, more and more domestic enterprises are turning their attention overseas.
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.
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.
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.
Chinese beverage company Genki Forest has been undergoing extensive adjustments to its organizational structure recently.
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.
Some Luckin Tea stores have changed their signboards and menus to match Luckin Coffee. One Luckin Coffee staff member also confirmed that some Luckin Tea stores in Beijing have already changed their names, while those in other provinces and cities have not yet been renamed.
Chinese milk tea chain HeyTea on Tuesday announced it has secured $500 million in new financing, led by IDG Capital, He Boquan, Longzhu Capital, Sequoia China, BA Capital, Tencent, Hillhouse Group, Coatue and other investors.
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.
Waves of livestreamers and vloggers have picked up their cameras and made their way to everyone's new favorite filming spot – MXBC stores located all over the streets of Chinese cities – to take part in a frenzy created by the bubble tea brand's new theme song.
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.
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.
Milk tea has become a new trend among China’s younger generations. Over the years, we’ve seen some popular milk tea brands emerging in China.