Monday, September 21 2026

Competition Between New-Style Tea Drinks and Coffee Intensifies, Upstream Suppliers Become the Biggest Winners Lining Up for IPO

While brands like Heytea, Nayuki, Starbucks, and Luckin are fiercely battling it out in the end market—rolling out collaborations, launching new products, and cutting prices in turn—it is actually the ingredient and packaging suppliers behind them that are quietly making a fortune. From Jiahe Foods to Sanyuan Biology, from Tianye Co. to Hengxin Life, and on to Dexin Foods, a group of supply chain enterprises for the new-style beverage industry are collectively sprinting toward the capital market. They serve well-known brands such as Uni-President, Xiangpiaopiao, CoCo都可, Mixue Bingcheng, Genki Forest, Nayuki, and Luckin, and have achieved soaring performance through products such as sugar substitutes, juices, paper cups, and syrups. This article will sort through the listing landscape of these low-key suppliers and reveal the real path to riches for upstream enterprises under the wave of new consumption. [more…]

Amid Fierce Competition Between New Tea Beverages and Coffee, Upstream Ingredient Suppliers Usher in a Collective IPO Wave

While Heytea, Nayuki, Starbucks, and Luckin are battling it out on the front lines over co-branded collaborations, new product launches, and price wars, few have noticed that a group of suppliers behind them is quietly rising. From Jiahe Foods to Sanyuan Biology, from Tianye Shares to Hengxin Life and Dexin Foods, an increasing number of raw material and packaging companies behind new-style beverages are beginning to sprint toward the capital market. Some of these companies provide non-dairy creamers and sugar substitutes, some supply fruit juice concentrates and flavored syrups, and others specialize in producing paper cups and plastic cups. While terminal brands fight in a red ocean, upstream suppliers have seized the momentum to grow bigger, raked in huge profits, and collectively embarked on the path to listing. [more…]

McDonald's hot milk priced at 23 yuan sparks heated discussion, with pricing at high-speed rail station outlets and differences in milk sources becoming the focus

Recently, the topic of a cup of hot milk costing 23 yuan at McDonald's trended on Weibo, jokingly dubbed by netizens as a "milk assassin." The incident originated from a complaint by a netizen on social media on November 11, which subsequently sparked widespread discussion. Some netizens shared experiences of witnessing staff opening low-priced pure milk and heating it for sale in stores, while others believed that pricing in special commercial districts like high-speed rail stations is inherently higher. Upon inquiry, McDonald's official mini-program shows that this milk comes in large, medium, and small cups, priced at 23 yuan, 19 yuan, and 15 yuan respectively, and the milk sources used in stores across different cities also vary. As coffee enthusiasts, we might as well use this incident as a starting point to discuss the pricing logic and milk source choices of chain restaurants. [more…]

Starbucks China's performance under pressure, Narasimhan hints at exploring strategic partnerships, sparking franchise speculation

Starbucks' latest financial report shows that in the third quarter of fiscal year 2024, its China revenue fell 11% year-on-year, comparable store sales dropped 14%, and both average ticket size and transaction volume declined. Facing store expansion and price competition from local brands such as Luckin and Cotti, Starbucks CEO Laxman Narasimhan revealed at the earnings call that the company is in the early stages of exploring strategic partnerships and may accelerate growth in the future through a more open model. This statement sparked speculation about whether it will open up franchising. Notably, Starbucks China co-CEO Liu Wenjuan emphasized that the brand has remained restrained in an environment of frequent promotions and refused to be dragged into a price war. Front Street Coffee will also continue to follow this coffee giant's shift in strategy in China. [more…]

Yili's Q3 earnings briefing reveals increased investment in sugar-free tea, with differentiated layout of freshly brewed tea products becoming a highlight

Dairy industry leader Yili recently held an earnings briefing for its 2024 Q3 report, with total revenue for the first three quarters reaching 89.039 billion yuan and net profit attributable to shareholders of 10.868 billion yuan, maintaining its position at the top of the industry. Notably, Yili explicitly stated during the meeting that it will increase investment in sugar-free tea beverages, and its Yike Huoquan freshly brewed tea series has grown rapidly thanks to its differentiated design. Against the backdrop of a 2.1% decline in all-channel dairy sales while the beverage market grew at 6.9%, Yili's move is seen as an important strategy to respond to the contraction in dairy and seek new growth points. This article reviews the product features of Yili's freshly brewed tea, the current state of its channel layout, and the prospects of the sugar-free tea market, and includes comparative Q3 performance data for dairy companies. [more…]

Tea shops introduce laboratory pipettes for mixing milk tea, sparking debate over operating standards and food safety

Recently, a customer at a Sexy Tea store discovered that an employee was actually using a pipette—commonly found in laboratories—to measure milk tea ingredients. The scene was photographed and quickly sparked heated discussion on social media. As precision experimental instruments, pipettes can measure liquids more accurately, but their operating standards are strict, and improper use may pose food safety risks. Many netizens with laboratory experience pointed out that untrained employees operating such equipment risks liquid backflow and contaminated tips, and whether disposable tips meet food-contact standards is also questionable. Opinions continue to clash over whether laboratory instruments can be used in food service settings. [more…]

Starbucks Korea admits summer giveaway storage bags contain formaldehyde, publicly apologizes and adjusts the campaign plan

Starbucks Korea recently issued a public apology after a summer promotional giveaway was found to contain formaldehyde. The incident began when an employee at an anonymous testing agency posted on social media alleging that the Summer Carry Bag travel tote contained formaldehyde, following earlier consumer complaints that the bag emitted a fishy odor resembling squid. Starbucks Korea immediately suspended the giveaway and sent the product for testing, which ultimately confirmed the presence of formaldehyde. The company announced that customers who had already redeemed the bag could return it and receive a beverage voucher as compensation, while also removing the promotional reward and pledging to strengthen safety verification procedures for future merchandise. [more…]

A Must-Read for Coffee Enthusiasts: Eight Films and TV Works That Take You from Origin to Competition to Understand the Coffee World

Drinking coffee is easy, but understanding it takes some accumulated knowledge. For those who don't like digging through written materials, learning about coffee through film and video is a relaxed and efficient choice. Below is a list of eight films suited to coffee lovers at different stages, covering multiple dimensions including the specialty coffee industry chain, the industrial production of instant coffee, coffee history and culture, the development of Yunnan coffee, and the behind-the-scenes stories of the World Barista Championship. Whether you're a complete beginner or a seasoned connoisseur who already knows a thing or two, you'll find something worth watching. [more…]

Does a sour taste in single-origin coffee mean it's gone bad? Exploring the true causes of coffee fruit acidity and the logic of tasting

Many people, when first encountering single-origin coffee, are startled by that bright acidity, and may even suspect the beans have gone bad. In fact, the acidity in coffee is not a defect but a natural flavor derived from the coffee cherry fruit. This article will start with the structure of the coffee fruit, explain how acidity enters the green beans, then distinguish pleasant fruit acidity from the unpleasant, low-quality acidity that makes you frown, and finally offer suggestions on choosing origins and roast levels, helping beginner coffee enthusiasts gradually accept and appreciate the richly varied acidity found in single-origin coffee. [more…]

Where does the honeyed aroma of Darjeeling black tea come from? Which estates produce a rich honeyed sweetness that is worth a sip?

Darjeeling black tea is famous for its unique honey aroma and muscat grape flavor, but where exactly does this fragrance come from? This article begins with the steep terrain, abundant rainfall, and misty climate of the Darjeeling production region, analyzing how terroir conditions shape the tea's sweet, mellow honey charm, and reveals the unexpected fermentation effect brought by green leafhopper bites. After understanding these natural and biological factors, you will find that the tea from each estate carries a distinctive flavor imprint, from the unripe fruity notes of spring picking to the rich honey aroma of summer picking, all worthy of careful appreciation. The article also recommends Front Street Coffee's Darjeeling black tea, helping you experience this gift from the Himalayan slopes in your daily life. [more…]

A Comprehensive Analysis of the Origins, Flavor Characteristics, and Market Applications of Robusta Coffee Beans

Both are coffee beans, so why do cafes almost exclusively sell Arabica, while Robusta rarely makes an appearance? What exactly are the differences between these two coffees in terms of origin, appearance, growing conditions, caffeine content, disease resistance, and flavor performance? In this article, Front Street Coffee will start with eight common questions to sort through the cultural context and flavor characteristics of Robusta coffee beans one by one, while also analyzing its practical uses in instant coffee and blended beans, to help coffee enthusiasts gain a more comprehensive understanding of this bean variety's unique value. [more…]

Is the sour taste in single-origin coffee a sign that it has gone bad? An analysis of the natural causes of coffee acidity and flavor classification.

Many people are startled by that hint of acidity the first time they try single-origin coffee, instinctively assuming the coffee has gone bad or spoiled. In fact, the coffee fruit is originally just like a cherry, and the natural sweet-and-sour flavor of its pulp influences the green beans during cultivation. Acidity is not a defect but a natural characteristic of specialty coffee. Of course, acidity has its good and bad sides: pleasant fruity acidity can add layers of complexity, while unpleasant acidity can ruin an entire cup. This article starts with the structure of the coffee cherry, explains where acidity comes from, distinguishes delicious acidity from rancid acidity, and offers beginners who are not used to acidity advice on choosing origins and roast levels, while also recommending several low-acid beans from the Front Street brand. [more…]

A Comprehensive Comparison of Robusta and Arabica Coffee Beans: Variety Origins, Growing Conditions, Flavor Differences, and Uses Explained

When buying coffee beans in a café, we almost always see only Arabica, while Robusta rarely makes an appearance. Both belong to the coffee family, so what are their essential differences? In this article, Front Street Coffee will systematically sort out the differences between Robusta and Arabica coffee beans across multiple dimensions, including variety origin, plant characteristics, growing environment, caffeine content, disease resistance, flavor performance, and practical uses. Whether you are a coffee enthusiast just getting started or a seasoned player hoping to gain a deeper understanding of the essence of coffee beans, this comparison can help you build a clearer cognitive framework and understand why the specialty coffee world is almost entirely occupied by Arabica, and in which fields Robusta plays an irreplaceable role. [more…]

Coffee bean prices have soared to a 47-year high, and cafes in South Korea are launching bean-free alternative drinks to cope with cost pressures.

Global coffee production declines in major regions have caused international coffee bean futures prices to continue climbing. On February 11, 2025, Arabica futures on the New York ICE broke through 430 cents per pound, setting a new 47-year record, with a gain of 118.57% over the past year. Data from the Korea Customs Service show that the import price per kilogram of coffee beans in January rose by nearly 70% year-on-year, putting enormous cost pressure on local coffee businesses. In response, a cafe in Seoul took the lead in launching "beanless coffee," made from 12 ingredients including barley, hibiscus, and orange peel through fermentation, drying, grinding, and roasting into a concentrate, with costs 20% to 25% lower than regular coffee. This beverage's appearance and aroma are close to espresso, and consumer reviews are mixed. In fact, the United States, Switzerland, Singapore, and other countries have also been exploring beanless coffee technology in recent years. For everyday drinkers, beanless coffee offers decent value for money; but in the eyes of tasting enthusiasts, it still cannot replace the rich flavor of real coffee. Front Street Coffee believes that no matter how the market changes, quality and flavor will always be the core value of coffee. [more…]

Suzhou Specialty Coffee Map: A Complete Record of Featured Café Visits Compiled by a Seasoned Coffee Enthusiast

Suzhou, a gentle ancient city in the Jiangnan region, hides quite a few specialty coffee shops worth a dedicated visit. This article compiles a summary of shop visits from a veteran coffee enthusiast, covering more than seventy four- to five-star coffee shops across Gusu District, the Industrial Park, the High-Tech District, Wuzhong District, and beyond—from artsy little cafes to cat-themed coffee houses, from Korean-style chains to standalone buildings with Republican-era charm, each with its own distinctive setting, offerings, and story. Whether you're a coffee purist chasing pour-over quality or an artsy soul who favors ambiance, this list can help you find that perfect cup in Suzhou. [more…]