China Bubble Tea Boom Creates New Billionaires: Sichuan Baicha Baidao Set To Go Public

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China Bubble Tea Boom Creates New Billionaires: Sichuan Baicha Baidao Set To Go Public

The bubble tea, commonly referred to as ‘Boba,’ has evolved beyond a mere trend in China; it’s now a lucrative business venture that has spawned numerous billionaires. The most recent addition to this list is Sichuan Baicha Baidao Industrial Co., the third-largest bubble tea chain in the nation, poised to go public amid intense competition. What Happened: The bubble tea industry in China has spawned at least six billionaires in recent years. Sic…