Hong Kong’s bubble tea scene is heating up as two major players, Guming and Auntea Jenny, take significant steps toward going public. Last Friday, the Hong Kong Stock Exchange approved Guming’s IPO, while China’s securities regulator gave the green light to Auntea Jenny’s similar offering. The duo, alongside the industry leader Mixue, are all poised to raise substantial funds by tapping into the booming bubble tea market in China. They will join Chabaidao, the first of the top four bubble tea chains to list with its Hong Kong IPO last April.
As these popular chains move forward with their market debuts, the question arises: how do Guming, Auntea Jenny, Mixue, and Chabaidao compare in terms of key metrics like revenue, store count, and profits? In this report, we break down how these top contenders stack up against each other in their race to dominate the bubble tea space.
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