Close Menu
  • Home
  • Startups
  • Channeliam Fact Check
  • Middle East
    • Exploring UAE
    • Emerging saudi
  • Shepreneur
    • Top Women Startups
  • Remembering Ratan Tata
  • More
    • Jobs and Internships
    • Funding
    • Entrepreneur
    • Technology
      • Auto
      • Gadgets
    • Updates
    • MSME
    • Movies
    • Travel
    • Events
    • Featured
    • Editor’s Pick
    • Discover and Recover
CHANGE LANGUAGE
What's Hot

₹90,000 Cr EBITDA, ₹1.26 Lakh Cr Capex: Adani FY25

22 May 2025

LuLu AI Bets on Qatar’s First BNPL Fintech

22 May 2025

Suzuki’s ₹1,200 Crore Push in Haryana

22 May 2025
Facebook X (Twitter) Instagram
  • About Us
  • I am Startup Studio
  • I am an Entrepreneur
  • She Power
  • I AM NOW AI
YouTube Facebook Instagram LinkedIn X (Twitter)
Channeliam / Channel I'M EnglishChanneliam / Channel I'M English
  • Home
  • Startups
  • Channeliam Fact Check
  • Middle East
    • Exploring UAE
    • Emerging saudi
  • Shepreneur
    • Top Women Startups
  • Remembering Ratan Tata
  • More
    • Jobs and Internships
    • Funding
    • Entrepreneur
    • Technology
      • Auto
      • Gadgets
    • Updates
    • MSME
    • Movies
    • Travel
    • Events
    • Featured
    • Editor’s Pick
    • Discover and Recover
Change Language
Channeliam / Channel I'M EnglishChanneliam / Channel I'M English
Change Language
Home » China’s Bubble Tea Boom Creates Another Billionaire
News Update

China’s Bubble Tea Boom Creates Another Billionaire

Bubble tea giant Guming's $233 million Hong Kong IPO pushes Yun’an Wang into the billionaire club
News DeskBy News Desk16 February 2025No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Email Telegram WhatsApp
Share
Facebook Twitter LinkedIn Pinterest Email Telegram WhatsApp

China’s thriving bubble tea industry continues to mint billionaires, with Yun’an Wang, the founder of Guming Holdings Ltd., being the latest. The company’s IPO in Hong Kong raised $233 million, boosting Wang’s net worth to $1.1 billion, according to the Bloomberg Billionaires Index. Despite Guming’s shares closing 6.4% below their listing price at HK$9.30, Wang has cemented his status in the beverage sector.

From Engineer to Business Leader

Before stepping into the entrepreneurial world, Wang studied engineering at Zhejiang Sci-Tech University in Hangzhou. In 2010, he launched his first bubble tea shop, setting the foundation for Guming’s rise.

Building a Bubble Tea Empire

Wang started Guming in Daxi, a small town near Shanghai. Over the past decade, his brand has grown to nearly 10,000 stores across China. Guming operates under the “Good Me” brand, which holds a 9.1% market share among the country’s top bubble tea brands. According to its IPO filings, Good Me is now China’s second-largest fresh bubble tea brand by sales and store count.

A Billionaire Club Fueled by Tea

Wang is not alone in his success. China’s demand for bubble tea—made with tea, milk, fruit, and tapioca pearls—has driven massive industry growth. The market, valued at $9.6 billion in 2018, was projected to reach $71 billion within three years. Established brands like Chabaidao and Mixue Group are aggressively expanding, competing for dominance in this booming sector.

Challenges in the Market

Despite the industry’s rapid rise, concerns about price wars and aggressive promotions loom. Chabaidao’s IPO in 2024, which saw its stock price drop nearly 50%, serves as a warning that market competition can be fierce.

The Evolving Bubble Tea Trend

Once a sugary treat from Taiwan, bubble tea has adapted to Chinese consumer preferences. Companies now focus on healthier options, incorporating fresh fruit, real juice, and low-calorie milk to attract a wider audience. This shift ensures continued growth while catering to health-conscious consumers.

banner beverage sector trends bubble tea industry growth business Chabaidao IPO China bubble tea market Good Me brand Guming Holdings IPO healthier bubble tea options India Mixue Group expansion tea industry competition Yun’an Wang net worth
Share. Facebook Twitter Pinterest LinkedIn Email Telegram WhatsApp
News Desk
  • Website

Related Posts

₹90,000 Cr EBITDA, ₹1.26 Lakh Cr Capex: Adani FY25

22 May 2025

LuLu AI Bets on Qatar’s First BNPL Fintech

22 May 2025

Suzuki’s ₹1,200 Crore Push in Haryana

22 May 2025

BEL’s Akashteer and IACCS Boost India’s Air Defense

22 May 2025
Add A Comment

Comments are closed.

Careers
Recent Posts
  • ₹90,000 Cr EBITDA, ₹1.26 Lakh Cr Capex: Adani FY25
  • LuLu AI Bets on Qatar’s First BNPL Fintech
  • Suzuki’s ₹1,200 Crore Push in Haryana
  • BEL’s Akashteer and IACCS Boost India’s Air Defense
  • Leela Palaces Announces 3500 Crore IPO Launch
Editors Picks

₹90,000 Cr EBITDA, ₹1.26 Lakh Cr Capex: Adani FY25

22 May 2025

LuLu AI Bets on Qatar’s First BNPL Fintech

22 May 2025

Suzuki’s ₹1,200 Crore Push in Haryana

22 May 2025

BEL’s Akashteer and IACCS Boost India’s Air Defense

22 May 2025
About Us
About Us

The first exclusive digital video media platform for startups and future business leaders, Channel I’M, the brainchild of Mrs. Nisha Krishan, unveils the first glimpse of how Indian startups think/create/market futuristic products and services.

Subscribe to Updates

Get the latest creative news about entrepreneurs, startups, and businesses.

Updates
  • ₹90,000 Cr EBITDA, ₹1.26 Lakh Cr Capex: Adani FY25
  • LuLu AI Bets on Qatar’s First BNPL Fintech
  • Suzuki’s ₹1,200 Crore Push in Haryana
  • BEL’s Akashteer and IACCS Boost India’s Air Defense
  • Leela Palaces Announces 3500 Crore IPO Launch
YouTube Facebook X (Twitter) Instagram Pinterest LinkedIn RSS
  • Home
  • About Us
  • Promotions
  • Careers
  • Contact Us
© 2025 Likes and Shares Pvt Ltd. Powered By arbaneo

Type above and press Enter to search. Press Esc to cancel.

Change Language
Malayalam
Hindi
Tamil
Change Language
Malayalam
Hindi
Tamil