Urban Tea Inc. Announces Strategic Plan to Explore Selected Overseas Markets
Urban Tea, Inc. - Ordinary Shares (MYT)
Company Research
Source: PR Newswire
CHANGSHA, China, May 22, 2019 /PRNewswire/ -- Urban Tea Inc. (the "Company", "we" or "Urban Tea") (NASDAQ: MYT), a premier retailer of specialty teas and baked goods in China, announced its strategic business plan to expand its business to selected overseas markets.Since November 2018, the Company has opened 9 company-owned stores in Changsha, Xiangtan, Liuyang and Shaoyang in Hunan Province (including the grand opening of a new store on May 20, 2019). The Company advocates "Freshly made, low- calorie" eating habits, selling fresh, natural, delicious European style pastries, fruit teas and light meals. In conjunction with the store expansion, various marketing activities have attracted the attention of consumers, and the company's expansion in the domestic market progressed in an orderly manner.In view of the enthusiasm in the growing Chinese consumers and consumers with appreciation for fresh oriental tea products in certain overseas markets, the Company has officially announced its
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