Bubble tea billionaire ranks swell after latest IPO


Auntea Jenny husband-and-wife founders, Shan Weijun and Zhou Rongrong. — Bloomberg

HONG KONG: China’s bubble tea market is overflowing with rivals and fierce price clashes – yet it’s set to produce another billionaire couple.

Yesterday, Auntea Jenny (Shanghai) Industrial was scheduled to start trading in Hong Kong, raising HK$273mil with a listing price of HK$113.12, the top of the range.

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