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China bubble tea chain Mixue pops 47% on debut

China's largest bubble tea chain Mixue soars 43% on Hong Kong trading debut

Shares of China's largest bubble tea chain Mixue jumped more than 40% on its market debut on Monday after a heavily oversubscribed initial public offering.

Forbes · 2d

Billionaire Brothers’ Chinese Bubble Tea Giant Mixue Surges In Hong Kong Debut

Shares of Mixue Group, China’s largest bubble tea chain controlled by billionaire brothers Zhang Hongchao and Hongfu, jumped 43% in its Hong Kong IPO debut.

New York Post on MSN · 1d

China Bubble Tea Chain Mixue Pops 47% on Debut as Hong Kong IPO Volumes Rebound

Mixue's gain came as its major bubble tea rivals were sold off, with Sichuan Baicha Baidao down nearly 7% and Guming down 1.7% on Monday. Retail investors in the IPO subscribed for 5,258 times more shares than were on offer in that tranche, according to Mixue's filings, making it one of Hong Kong's most popular IPOs.

2don MSN

Analyst reveals largest challenge for Mixue after stellar market debut

Mixue shares rallied more than 40% on their Hong Kong debut. Longdley Zephirin expects Mixue to struggle with expansion into ...

VN Express13h

Mixue founders surpass Starbucks’ billionaire ex-CEO Howard Schultz in wealth with $8.1 billion fortune

Zhang Hongchao and Zhang Hongfu, founders of Chinese beverage giant Mixue Group, now have a combined net worth of $8.1 billion, surpassing Starbucks' former CEO Howard Schultz.

2don MSN

$1 ice cream and billionaire brother founders: Welcome to the biggest fast-food chain in the world

The chain, which has more than 45,000 stores worldwide, has attracted customers with cheap ice cream and bubble tea.

Hong Kong’s $353 Billion Margin Loan Boom Fuels Big Gains, Risks

It’s enough money to buy Alibaba Group Holding Ltd., or pay every resident of Hong Kong nearly $50,000. The figure — more ...

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