Nayuki
- 🦄Became a unicornDec 2020
- 📈Peak valuation$3.78 Billion ’21
- 💔Became a UnitardSep 2023
- 💸Last valuation estimate~$151M
The rise & fall
8 moments · 2015–2026The key moments.
How it happened
Nayuki, founded in Shenzhen in 2015 by Peng Xin and her husband Zhao Lin, runs a chain of premium teahouses selling fruit teas and baked goods. A 2018 round led by Tiantu Capital valued it at 6 billion yuan.
A $100M Series C led by PAG at the end of 2020 lifted that to $2B, Caixin reported. Nayuki listed in Hong Kong on June 30, 2021 at HK$19.80, the top of its range, valuing it at about $4.4B at the offer price.
The shares fell 13.5% on the first day, closing at a market value of about HK$29.4B ($3.78B). The stock declined steadily from there and has stayed below $1B since September 2023.
Source: Yicai Global (June 9, 2020): latest disclosed valuation CNY6B (about $848M) from a 2018 round led by Tiantu Capital. DealStreetAsia (Dec 31, 2020): $100M Series C led by PAG; Caixin (June 24, 2021): the last private round valued Nayuki at $2B. Caixin (June 24, 2021): IPO of 257.3M shares at HK$19.80, top of range, raising HK$5.09B and valuing it at about $4.38B. CGTN (June 30, 2021): shares fell 13.54% on the debut, valuing Nayuki at $3.8B at the close; stockanalysis.com: HK$29.36B at the June 30, 2021 close (HK$17.12), about $3.78B. digrin month-end closes: HK$4.03 in Oct 2022 (about $0.89B), HK$8.49 in Mar 2023, HK$4.13 in Sep 2023 (about $0.9B) and lower since. stockanalysis.com (Oct 21, 2026): HK$1.14B, about $146M. HKEX circular (June 27, 2025): Zhao Lin is chairman and CEO.
Founders
- Zhao Linco-founder, chairman & CEONo public profile matched
- Peng Xinco-founder & general managerNo public profile matched
Disclosed investors (4)
Historical funding participation; lists may be incomplete and do not establish current ownership or investor losses.
* Lead in a funding round · Crunchbase ↗ · 2026-10-22 · Methodology · Leaderboard
