This article only represents the author's own views.
It’s tea time!
That’s the latest tune coming from premium tea chain operator Nayuki Holdings Ltd. (2150.HK), which is seizing on a depressed retail market to ramp up an expansion that will boost its store count by 40% in the second half of the year, according to a second-quarter business update released by the company last Friday. This particular trend isn’t really specific to Nayuki, but instead reflects a broader movement among many big restaurant chains in China these days.
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