Chinese Buba tea crazy makes another billion

Turn bubble tea in China many entrepreneurs into billionaires. The latest addition to the growing list is Yun’an Wang, founder and chairman of the Gumings Holdings Ltd. , The general offers of the Chinese company Milk Tea (IPO) in Hong Kong, the 38 -year -old Millennium Generation, via a billion dollar sign, enhanced its location in the drink industry in China.

The net subscription value of $ 233 million in Hong Kong on Wednesday is the net value of Wang to $ 1.1 billion, according to the Bloomberg Blue Bloods Index, even with the completion of the gum shares by 6.4 % less than the listing price at $ 9.30 Hong Kong.

Who is Wang?

Before becoming a commercial pole, Yunnan Wang was an engineer. He graduated from Zhejiang Sci-Tech University in Hangzhou, where he obtained a certificate in engineering. After studying, Wang jumped to the business world, and opened his first bubble store in 2010.

Wang Entrepreneurship Trip

According to Bloomberg, a Wang trip began to entrepreneurship in Daxi, a small town near Shanghai with a population of less than 200,000. The first days were far from magic, but its stability pays its fruits. Over the course of the next decade, the property who strongly has expanded throughout China, opened nearly 10,000 stores in many provinces.

Guming sells tea under the brand “Good Me”, which has become a familiar name among bubble tea lovers. As of 2023, the brand retained a 9.1 % market share among the five best tea brands in China, according to Bloomberg. The subscription ISIS brochure in Guming revealed this is good for me He is now the second largest fresh bubble tea maker in China Through total sales and number of stores, only one competitor is left behind.

High Market – an increased club of billionaires

Wang is not alone in the victory of bubble tea. China’s demand for drinks – usually a mixture of tea and fruits, tabuka pearls or milk – was usually on ascending rupture in recent years, transforming many entrepreneurs into billionaires. By 2018, the bubble tea market has already been value in China 9.6 billion dollarsWith expectations to rise to 71 billion dollars In just three years. Both players such as Chabaidao and Mixue Group expanded to expand, as each building built vast chains of stores throughout the country.

But this mutation comes with the increasing audit of investors. Fears of Price wars And the promotion of uncompromising in the increasing competitive industry waves on the horizon on this public horizon. The blatant example of the public subscription in Chapido last April, whose share price has almost half, fell, indicates that the bubble tea bubble can deviate from the speed that enlarges it.

Buba madness

Despite the appearance of bubble tea from Taiwan as a sweet treatment, the drink has developed significantly on the Chinese mainland. Companies are racing to provide healthier versions, replace sugary powders with real fruits, fresh juices, and even low -calorie milk options. Such a diversity meets a wide customer base, from those looking for creams lenient to healthy followers who are looking for a mixture of lightly sweetened fruit tea.