Bubble Tea Chain Nayuki Aims to Expand Store Network Following H.K. IPO

Bloomberg Markets and Finance published this video item, entitled “Bubble Tea Chain Nayuki Aims to Expand Store Network Following H.K. IPO” – below is their description.

Jun.29 — Shares of Nayuki Holdings Ltd. start trading in Hong Kong Wednesday. The Chinese bubble tea chain raised $656m after pricing its initial public offering at the top of a marketed range. The company is riding a boom in the market for high-end tea drinks that’s seen it expand to more than 560 stores in more than 70 cities, mostly in China. Executive Director and General Manager Peng Xin discusses the company’s expansion plan and business strategy in an exclusive interview with Bloomberg’s Venus Feng.

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    Hong Kong, officially the Hong Kong Special Administrative Region of the People’s Republic of China (HKSAR), is a metropolitan area and special administrative region of the People’s Republic of China on the eastern Pearl River Delta of the South China Sea. With over 7.5 million residents of various nationalities in a 1,104-square-kilometre (426 sq mi) territory, Hong Kong is one of the most densely populated places in the world.

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