Wang Xiaokun News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Bubble tea was invented in Taiwan in the late 1980s, with small stalls selling it near schools and offices

Bubble tea is a sweet tea-based drink that typically comes with soft, chewy tapioca "bubbles" that require an extra large straw to be enjoyed.

The bubble tea popularly known as 'Boba' phenomenon in China is not just a trend, it's a business opportunity that has created several billionaires. The latest to join the ranks is Sichuan Baicha Baidao Industrial Co., the third-largest bubble tea chain in the country, which is preparing to go public amidst stiff competition.

Key Takeaways: Chabaidao’s revenue grew 34.8% to 5.7 billion yuan in 2023, as the company has been consistently profitable over the last three years The premium tea chain operator plans to keep growing through greater penetration in lower-tier cities, expanding overseas and by diversifying into coffee   

At age 21, Zhang Hongchao started peddling shaved ice treats. A quarter of a century later, he and his younger brother Hongfu have made a fortune selling soft-serve ice cream, coffee drinks and its super popular bubble tea and lemonade.