A Taiwanese author shared insights from a bubble tea shop owner, revealing that profits are only about 15% of revenue. High costs for rent, materials, and labor leave minimal net profit, urging potential entrepreneurs to carefully assess business viability.
Chinese-founded beverage chains like Mixue and HeyTea are rapidly expanding in NYC, offering tea-based drinks and a distinct aesthetic, appealing to locals and leveraging technology for a modern experience.
Chinese-founded beverage chains like Mixue and HeyTea are rapidly expanding in NYC, offering unique tea flavors and distinct aesthetics, appealing to locals and leveraging technology.
Alibaba's Qwen app is opening its ecosystem to third-party agents, with KFC, Luckin Coffee, Mixue Group, and China Eastern Airlines among the first to test the feature. Users can interact with these agents for services like ordering food or planning travel.
Horchata, a traditional Spanish and Mexican drink, is gaining popularity in the UK, with Google searches rising and various establishments incorporating it into menus, from coffee and cocktails to desserts.
China's 370 billion yuan tea-drink market is experiencing intense competition and slowing growth. Small players are struggling to remain profitable as the industry faces a shift from rapid expansion to a period of consolidation.
