Urban Tea, Inc. (MYT) News

Urban Tea, Inc. (MYT): $2.16

-0.14 (-6.09%)

POWR Rating

Component Grades

Growth

S

Value

I

Momentum

G

Stability

N

Sentiment

U

Quality

P

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Industry: Beverages


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Latest MYT News From Around the Web

Below are the latest news stories about Urban Tea Inc that investors may wish to consider to help them evaluate MYT as an investment opportunity.

Urban Tea Announces the Establishment of New Subsidiary for its Planned Blockchain and Cryptocurrency Mining Business

Urban Tea Inc. (the "Company", "we" or "Urban Tea") (NASDAQ: MYT), announces the establishment of a new wholly-owned subsidiary in China under the name of Hunan Bit Brother Holding Limited ("Hunan Bit Brother"). Hunan Bit Brother shall conduct the Company's planned business including but not limited to global cryptocurrency mine distribution, HashRate leasing, global cryptocurrency cross-regional payment and settlement system, cryptocurrency mining pool building and running, cryptocurrency deposit and loan, non-homogeneous tokens, and cryptocurrency exchange services. Hunan Bit Brother shall begin applying for the required licenses and certifications in different countries and regions. Taking advantage of the current market awareness, we believe that our planned business through Hunan B...

Yahoo | May 13, 2021

Today’s Biggest Pre-Market Stock Movers: 10 Top Gainers and Losers on Wednesday

Investors need to get ready for another busy day of trading with our top pre-market stock movers list of winners and losers on Wednesday!

William White on InvestorPlace | April 28, 2021

Here's Why Urban Tea Stock Is Getting Hammered Today

Urban Tea Inc (NASDAQ: MYT ) shares are trading lower … Full story available on Benzinga.com

Benzinga | April 28, 2021

Chinese Retailer Goes From Bubble Tea to Crypto Mining in Unlikely Pivot - CoinDesk

Urban Tea has hired two new executives ahead of its strategic expansion into its new cryptocurrency venture.

CoinDesk | February 18, 2021

Bitcoin Mining Becomes A Side Venture For Chinese Non-Crypto Firms

Source: Adobe/SPICA-VEGA PHOTO ART As bitcoin’s (BTC) skyrocketing prices continue to whet the appetites of companies from different backgrounds, tea and baked goods retailer Urban Tea is the latest example of a Chinese non-crypto business expanding into crypto mining and blockchain with the appointment of new leadership to pilot its efforts. The surge in interest by Chinese players comes at a

cryptonews.com | February 18, 2021

A Chinese Tea Company Is Pivoting to Bitcoin Mining - Decrypt

The last time a tea company did this, it was a disaster. But Urban Tea hopes to make it big from bitcoin and blockchain.

Decrypt | February 17, 2021

Urban Tea Subsidiary Achieves Earn-out Commitment and Urban Tea Expects 400% Increase in Total Revenues For Fiscal Year Ending 6/30/2021

Urban Tea Inc. (the "Company," "we" or "Urban Tea") (NASDAQ: MYT), a premier retailer of specialty teas and baked goods based in Hunan, China, announced today that its 51% owned subsidiary, Hunan 39 Pu Tea Co., Ltd. ("39 Pu Tea"), has completed its financial performance commitment for the 12 months ended December 31, 2020.

Yahoo | January 20, 2021

Urban Tea Plans to Open New Store in New York City

Urban Tea Inc. (the "Company," "we" or "Urban Tea") (NASDAQ: MYT), a premier retailer of specialty teas and baked goods headquartered in Hunan, China, announced today that it has begun planning for the opening of a new store in New York City.

Yahoo | October 19, 2020

Urban Tea Inc.'s Newly Acquired "CROP CIRCLE" Restaurant Reports a 25% Sales Growth in the Midst of the COVID-19 Pandemic

Urban Tea Inc. (the "Company," "we" or "Urban Tea") (NASDAQ: MYT), a premier retailer of specialty teas and baked goods headquartered in Hunan, China, announced today that CROP CIRCLE, its casual street food restaurant in New York City, has witnessed a 25% monthly growth in sales from August 2020 to October 2020.

Yahoo | October 13, 2020

Urban Tea Announces Entry into Share Purchase Agreement to Acquire 80% Equity Interests in Guokui Management Inc.

Urban Tea Inc. (the "Company," "we" or "Urban Tea") (NASDAQ: MYT), a premier retailer of specialty teas and baked goods based in Hunan, China, announced today that it has entered into a share purchase agreement (the "Agreement"), pursuant to which the Company agreed to pay $400,000 in cash to acquire 80% of the equity interest in Guokui Management Inc. ("Guokui"). Guokui is incorporated under the laws of New York State and has been operating CROP CIRCLE, a casual street food restaurant in New York City, since August 2020. The Agreement also includes details of how the two parties may collaborate in the future.

Yahoo | September 23, 2020


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