Hi tea has promoted new fruit tea products of 15 yuan, and products within 19 yuan have accounted for nearly 80% of the menu
Bubble Mart: the overall revenue in the first quarter recorded a positive growth of 65% - 70% compared with the same period in 2021
Small Blind Boxes, Big Business
‘Life is like a box of chocolates that you will never know what you’re gonna get.’ Until recently, China’s burgeoning blind box industry was a fitting metaphor for this famous line from ‘Forest Gump.’ But the party looks poised to end with the authorities stepping in to discourage and even curb the consumption of blind box
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Research
Consumer StaplesChina’s Food and Beverage Industry in Search of Methods to Shrink its Carbon Footprints
China Consumer Association named KFC: using "blind box" to induce excessive food consumption, when boycotting
HeyTea Bets on Coffee, Again
Coffee is a darling among Chinese youth.
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It is reported that Xicha hired UBS to arrange a US $500 million Hong Kong IPO, which will be listed in Hong Kong as soon as next year
Bubble Mart: the net profit in the first half of the year was 358.7 million yuan, a year-on-year increase of 153.8%
Hi tea responded to the rumor that it will be listed in Hong Kong next year: it is untrue. At present, hi tea has no listing plan.
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