Xiangpiaopiao Shares Surge as Protests Against Japan’s Nuclear-Contaminated Water Gain Momentum

The stock of China’s prominent packaged milk tea provider, Xiangpiaopiao, soared by the daily limit on Monday following widespread attention garnered by its fruit tea beverages over the weekend. These beverages drew headlines for their packaging in overseas markets, protesting against Japan’s disposal of nuclear-contaminated water into the ocean.

The paper cup sleeves of Xiangpiaopiao’s fruity tea drinks, known as Meco, were discovered to bear slogans such as “Japanese politicians please drink the water contaminated by nuclear waste materials,” and “We can manage without Japan but the world cannot live without the ocean.” These messages, printed in Japanese and Chinese, were initially shared online by an anonymous user who found them at a Chinese supermarket named Kyowa in Tokyo’s Shinjuku area.

In response to the viral attention, shares of Xiangpiaopiao surged by 10 percent in Shanghai after the company’s subsequent social media post in China, lauding its employees’ efforts, circulated widely online. This post, shared on Saturday, garnered over 320,000 likes on the microblogging site Weibo.

Xiangpiaopiao, renowned for its bubble milk tea, has diversified its product line in recent years, introducing offerings such as fruity flavored packaged tea drinks and Hong Kong style milk tea beverages.

Further boosting its visibility, a livestreaming session on Douyin promoting the Meco packaged drinks gained significant traction on Sunday. President Yang Dongyun, attired in a red T-shirt, participated in the livestream to endorse the beverages. Third-party data revealed that hundreds of thousands of viewers flocked to Xiangpiaopiao’s livestream room on Douyin, resulting in sales exceeding 400 times the normal rate, totaling over 1.36 million yuan (US$188,580).

Xiangpiaopiao’s Taobao flagship store also issued a notice, informing customers about inventory replenishment for the same paper cup sleeves and advising patience regarding any potential delivery delays.

While many internet users have expressed support for the domestically grown brand, opinions remain divided. Some, like online user “iced wolf” who commented on Observer Net, believe that such issues deserve greater attention and commended Xiangpiaopiao’s actions. However, others perceive the situation as a contrived online stunt aimed at capitalizing on nationalistic sentiment among young consumers.

Latest

What is bts milk tea franchise: A Complete Overview

The BTS Milk Tea franchise has emerged as a trendsetting business venture, capturing the essence of the global phenomenon that is the K-pop group...

Surprise! You Can Now Get Milk Tea at Pancake House

Pancake House, known for its pancakes and signature fried chicken, has introduced an exciting new addition to its menu: milk tea. This surprising offering...

TocoToco Franchise Costs, Profit & Requirements For 2024

TocoToco is a well-known bubble tea brand originating from Vietnam. Established in 2013, TocoToco has rapidly expanded its presence both domestically and internationally, becoming...

Good Day Good Time Franchise Costs, Profit & Requirements For 2024

Milk tea has become a global sensation, with numerous brands competing for dominance in the market. Among these, Good Day Good Time has established...

What is toni gonzaga milk tea franchise?

The Toni Gonzaga Milk Tea Franchise has been generating buzz in the beverage industry, drawing attention from entrepreneurs and milk tea enthusiasts alike. Founded...

What is franchise opportunities hub?

In the world of entrepreneurship, franchise opportunities hubs serve as valuable resources for aspiring business owners looking to start their own franchise. These platforms...

Economic Watch: China’s Durian Craze Expands to Snacks, Milk Tea, and Hotpots

Inside a factory in south China's Guangxi Zhuang Autonomous Region, workers at Guangxi Xuan Ma Food Co., Ltd. are busy packing durian-stuffed cakes. These...