Wang Yun’an, the 38-year-old founder of Chinese milk tea company Guming Holdings, has become a billionaire after the chain ...

A $233 million Hong Kong IPO on Wednesday rocketed Wang’s net worth to $1.1 billion, according to the Bloomberg Billionaires ...

Yun'an Wang started his journey with one small bubble tea shop that he opened in his hometown. Today, his tea chain has over ...

While aggressively growing in store count, in terms of terminal sales, Mixue is still ranked number four in the freshly made ...

Major on-premise coffee brands have also banked on the rising demand. Starbucks, which now operates 7,685 stores in China as ...

[Ho Chi Minh City] China’s food and beverage (F&B) brands, from bubble tea chain Mixue and hotpot giant Haidilao to Luckin Coffee and Chagee, are charging into South-east Asia, capitalising on the ...

Wang Yun’an, the 38-year-old founder of Guming Holdings, is on the cusp of becoming a billionaire as his company prepares for an initial public offering in Hong Kong.