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 . . .

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