buble tea

A periodic update to the typical ‘who, what, how much’ [Data as of Dec-24 here] Brand Status Market cap (US$) Price tier Target market # stores in China Mixue Bingcheng (2097:HKG) Listed 6.8 B unmatched low prices c.60% of stores are in 3rd-tier and below cities;c.40% of stores are in 2nd-tier and new 1st-tier cities.…