they have been tidying up the accounts since 7 years ago or more. some of my ex colleagues were approached to lead their IPO project 7 years ago. heard their accounts and operations super messy, throwing $ to hire people to help fix.

anyway, Tealive still got their fanbase. but of course now will get threatened crazily by mixue, chagee, zus etc.

but IPO just to open 25 more stores... what is 25 compared to the 800+ stores that they are having now. if they are good and strong financially, can open 25 extra stores easily. definitely majority of the $ will be used to service debt and the family is cashing out. they dont really have a good solid long term plan aint it...

This post has been edited by callmecool: Jun 9 2025, 07:18 PM