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.Bloomberg Markets and Finance YouTube Channel
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In This Story: Hong Kong
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.
Hong Kong became a colony of the British Empire after the Qing Empire ceded Hong Kong Island at the end of the First Opium War in 1842. The colony expanded to the Kowloon Peninsula in 1860 after the Second Opium War and was further extended when Britain obtained a 99-year lease of the New Territories in 1898. The whole territory was transferred to China in 1997. As a special administrative region, Hong Kong maintains separate governing and economic systems from that of mainland China under the principle of “one country, two systems”.
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