一场外卖大战，霸王茶姬为啥被打懵了？

Group 1 - The core viewpoint of the article highlights the decline of the company Bawang Chaji, which was once a popular brand in the new tea beverage industry, now facing challenges after its recent financial report for Q2 2025 [1] - Bawang Chaji was previously known as the "queue king" in shopping malls, with its product "Boyar Jue Xuan" being highly sought after, and it was often referred to as the "Eastern Starbucks" [1] - The company's valuation had been rising significantly, but the latest financial results have led to a stark contrast, indicating a downturn in its market performance [1]