Bubble tea brands are cutting down prices - food tech news in Asia

On March 29, the Chinese bubble tea brand, Nayuki, announced its first financial report since it was listed on the Hong Kong Stock Exchange. The report shows that Nayuki's profits have shrunk significantly in 2021. By the end of last year, Nayuki’s revenue reached 4.296 billion yuan (~USD 675 million), up 40.5% year on year with an adjusted net profit . . .

This content is restricted to members only. Please press this link to register. Already a member? Please login.

You May Also Like

Yeyo is the first plant-based coconut yogurt brand in China

The current food system has become unsustainable in some ways, and we…

Vita Coco files for IPO to expand in healthy beverages

Vita Coco, a leading brand of coconut water, submitted the listing application…

Yum China Holdings is strengthening its logistics infrastucture

Yum China Holdings (NYSE: YUMC) announced that its two new Centralized Shared…