In the first half of 2022, Nayuki's revenue declined and this #2 bubble tea brand in China continued losing money. Sexy tea (pronounce Cha-Yan-Yue-Se in Chinese), as another example, closed several of its stores. This huge phenomenon triggered extensive discussion in the market about the new tea business model. From the perspective of additives, raw materials, fruit juices, and other ingredients that are most closely combined with milk tea, the decline in revenue and net . . .
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