Mainland tea beverage brand ChaPanda to open branch in Mong Kok

It is reported that ChaPanda, a tea shop that originates from the mainland, was listed in Hong Kong in April this year and has just rented a ground floor shop on Sai Yeung Choi Street South in Mong Kok to open its branch, with a monthly rent of about HK$200,000 and a transaction rent of about HK$333 per square foot.

In the same district, there have been several leasing transactions of mainland tea shops recently, including the leasing of a shop on Soy Street in Mong Kok by HEYTEA, a tea shop from the mainland.

This branch of ChaPanda will be at one of the most central locations in the district, which was formerly rented by a cell phone accessory store on a short-term basis.

Chapanda was established in 2008, and it explores the combination of natural ingredients and Chinese tea with continuous research and development of diversified tea products, focusing on fresh fruit tea. It was listed in Hong Kong in April this year.

Two tea shops from the mainland called Good Me and Mixue Ice Cream & Tea submitted registration statements on New Year's Day this year. Another mainland tea shop, Auntea Jenny, also submitted a registration statement on Feb. 14. Nayuki Holdings Limited, which centers around high-end tea drinks, has already been listed in Hong Kong as early as June 30, 2021.

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