Bubble tea has certainly hit a sweet spot with its many fans but it has left some investors with a bitter taste. Stock market debuts of two China-based chains have already flopped. And there are ...
Bubble tea's explosion in popularity over the past few years has created immense wealth. There are at least six Chinese bubble tea business owners who saw their fortunes exceed $1 billion.
Shares in Chinese bubble tea chain Sichuan Baicha Baidao, which is also known as Chabaidao, have fallen by more than 26% in their first day of trading on the Hong Kong Stock Exchange. Chabaidao's ...
China’s bubble-tea makers are reviving plans for initial public offerings, encouraged by signs that Beijing is loosening its grip on the market and sentiment is improving after a disappointing ...
Others including China’s biggest bubble-tea chain Mixue Group and Auntea Jenny saw their Hong Kong IPO applications lapse after CSRC approvals didn’t materialize.
Starting as a small shaved ice stall, ice cream and tea chain Mixue has surpassed its rivals in China’s bubble tea market thanks to its affordable products, costing just US$1. Bubble tea, the drink ...
Auntea Jenny has revived its Hong Kong listing plan, reporting its profit fell 12% in the first half of last year while its revenue rose just 6.4% The bubble tea chain operator had nearly 8,500 stores ...