Bubble Tea Boom

🇨🇳 🇨🇳 Bubble Tea Boom: On April 23, Sichuan Baicha Baidao Industrial Co., China’s No. 3 bubble tea chain, is scheduled to start trading, aiming to raise more than $300 million in the biggest Hong Kong listing since November. That valuation would give its husband-and-wife founders, Wang Xiaokun and Liu Weihong, a combined net worth of $2.7 billion based on the 73% stake they’ll own after the initial public offering, according to the Bloomberg Billionaires Index

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