How many new markets does Tealive plan to enter annually?

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Tealive Plans Annual Entry into Three New Markets

Tealive, operated by Loob Holding Sdn Bhd, has outlined an ambitious global expansion strategy that includes entering three new international markets each year. This expansion initiative specifically targets one Southeast Asian country annually as part of its broader growth plans.
Annual New Market Penetration Target

The company's strategic roadmap involves the systematic penetration of three distinct new markets on a yearly basis. This consistent rate of expansion underscores a deliberate effort to broaden Tealive's global footprint.
Southeast Asian Market Focus

Within this annual target of three new markets, a specific focus is placed on one Southeast Asian country. This aligns with observations that the palates and eating habits within the region are similar, which has facilitated successful market entry in locations like the Philippines.
Current Global Presence

Tealive currently operates over 1,000 outlets worldwide, serving more than five million consumers monthly in Malaysia alone. Its existing international presence spans across the Philippines, Vietnam, Myanmar, Australia, Cambodia, Brunei, Mauritius, and Canada.
Indonesia as a Potential New Market

The company is eyeing an entry into the Indonesian market by the end of the current year. This move is contingent upon achieving a target of establishing 100 Tealive stores in the Philippines by the third quarter of 2024. As of the press conference, 57 stores were already operational in the Philippines, with plans to open an additional 43.

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How many new markets does Tealive plan to enter annually?

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