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Bubble-Tea Chain Bigger Than Starbucks Yields $8 Billion Fortune

Summary by Bloomberg
In the late 1990s, university student Zhang Hongchao opened a cold drinks stall in Zhengzhou, a city of about 13 million in central China. A decade later, his younger brother joined the business.

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Bubble-Tea Chain Bigger Than Starbucks Yields $8 Billion Fortune

In the late 1990s, university student Zhang Hongchao opened a cold drinks stall in Zhengzhou, a city of about 13 million in central China. A decade later, his younger brother joined the business.

·United States
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Bloomberg broke the news in United States on Thursday, February 27, 2025.
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