Quick Answer
Nayuki (奈雪的茶) was founded in Shenzhen in 2015 and is known for large stores pairing tea with soft European-style bread. It listed in Hong Kong in 2021 (02150). The company called 2025 an “adjustment year” and paused expansion, ending with 1,646 stores (1,288 self-operated, 358 franchised), down from 1,798. Revenue was RMB 4.33 billion and the adjusted net loss narrowed to RMB 241 million.
Nayuki at a Glance
| Item | Details |
|---|---|
| Founded | 2015, Shenzhen |
| Listing | 2021, Hong Kong (02150) |
| Stores | 1,646 (end of 2025; 1,288 self-operated, 358 franchised) |
| 2025 revenue | RMB 4.33 billion, down 12% |
| Known for | Tea plus bakery, large stores |
3 Lessons for Bubble Tea Operators
- Large stores cost more: match space and staff to sales. See bubble tea shop startup costs.
- Tea plus bakery: see bakery ingredients.
- Fix before you grow: see SOP and training.
How Tang Sugar Supports Cafés and Bubble Tea Shops
Tang Sugar supplies tea, jams, bakery ingredients, syrups and packaging from Taiwan, quoted together for your menu and consolidated into one shipment. We also offer an international sourcing agent service and tea shop planning. Contact us for bulk and wholesale quotes.
Note: this article summarizes public information about the brand. Caitang International (Tang Sugar) has no partnership or affiliation with the brands mentioned; brand names and trademarks belong to their owners. Figures are as of each source’s publication date.
Products in this article
All 487 Bubble Tea & Boba Ingredients →
FAQ
Where is Nayuki from?
China. It was founded in Shenzhen in 2015.
How many Nayuki stores are there?
1,646 at the end of 2025.
Is Nayuki listed?
Yes, in Hong Kong since 2021 (02150).
Why did Nayuki’s store count fall?
The company made 2025 an adjustment year, pausing expansion to improve existing stores.
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