Chinese language folks have been consuming tea for greater than 2,000 years, whereas milk tea has change into a brand new development amongst China’s youthful generations. Over time, we’ve seen some well-liked milk tea manufacturers rising in China.
HeyTea is among the most revolutionary and upscale tea manufacturers in China. Began in Guangdong, China in 2012, it has 450 shops primarily in tier-one and tier-two cities throughout China and 4 shops in Singapore. Heytea is well-known for its fruit teas, milk teas, and cheese teas. Targeted on product innovation and advertising, HeyTea has created social media crazes amongst younger shoppers.
HeyTea reportedly closed a brand new funding spherical in March, led by China’s Hillhouse Capital Group and US hedge fund Coatue Administration. Its post-investment analysis then was 16 billion yuan.
Nayuki’s Tea 雪奈的茶
Based in Shenzhen in 2015, Nayuki’s Tea, one of many largest bubble tea chains in China, sells contemporary fruit tea, cold-brewed tea, and baked items, largely concentrating on younger city ladies between 20 and 35. By the top of 2019, Nayuki’s tea had opened greater than 420 direct-selling shops in over 50 cities in China.
In June, Nayuki raised almost $100 million in a brand new funding spherical forward of a possible itemizing in Hong Kong, offering the corporate with much-needed capital to compete for market share with its main rival HeyTea. Previous to the latest funding, it had accomplished its collection A in 2016 and collection A+ in 2018, each led by Tiantu Capital. After spherical A+, the bubble tea model’s valuation reached about 6 billion yuan.
Honey Snow Metropolis 蜜雪冰城
Based in 1997, the Zhengzhou primarily based Honey Snow Metropolis is among the hottest tea chain manufacturers with the most important variety of shops in China. On June 14, 2020, it opened its 10,000th retailer. It’s well-known for its milk tea, fruit tea, ice cream and different merchandise, and a lot of the them value beneath 10 yuan. The shops are primarily situated round universities, pedestrian streets, and procuring malls. The tasty however low value drinks are welcomed by younger college students.
In October, the Chinese language tea drink and ice cream large was reported to succeed in a valuation of 20 billion yuan after the most recent fundraising spherical led by Hillhouse Capital and Longzhu Capital, whereas getting ready to go public, in line with 36Kr.
LeLeCha, which accurately stands for “Happy Tea”, opened its first retailer in 2016 in Shanghai. It’s best-known for beginning the “Dirty” tea and “Dirty” bread development, the place the tea or bread is totally filthy with cocoa powder.
In April 2019, LeLeCha introduced the completion of a 200 million yuan Pre-A spherical of financing led by Vertex Holdings, Jiaxing Drop Asset, Pusi Capital, Z&H Funding, Hina Group and Ruchuan Capital.
Cha Yan Yue Se 茶颜悦色
Cha Yan Yue Se is a well-liked milk tea model unique to Changsha, Hunan. Based in 2013, the model now has round 300 shops within the metropolis. You possibly can see one Cha Yan Yue Se retailer on nearly each block in Changsha’s well-liked enterprise districts. It’s the first milk tea model in China themed round Chinese language model, combining conventional Chinese language tradition and a contemporary aesthetic.
After its collection A financing in 2019, the fashionable China tea store introduced that they’d develop into different cities, beginning with Wuhan in 2021.
Yi Dian Dian 一点点
Taiwanese milk tea model Yi Dian Dian, began in Taipei in 2010, makes a speciality of Taiwanese model milk tea, fruit tea and occasional. At present, Yi Dian Dian has over 600 shops in China and the Philippines. And the tea model is increasing operations into international locations corresponding to England, Thailand, and Japan.
Coco Tea can also be a avenue bubble tea model originating in Taiwan in 1997. It entered the Chinese language market in 2007 and has greater than 500 shops in three years. In 2015, it had greater than 2,000 shops world. Apart from China and Taiwan, it has additionally entered the US, Australia, and plenty of South East Asian international locations.
Pleased Lemon 快乐柠檬
Pleased Lemon was based in Shanghai in 2006. It has branches over 100 completely different cities in China and is increasing to the USA, Australia, Philippines, Thailand, South Korea, Thailand, and extra. Pleased Lemon is the primary freshly handmade bubble tea franchise chain store floated on the inventory alternate market in December 2014.