China CEO CEO becomes a millionaire for US $ 411 million

[NEW YORK] Chinese-year-old Chinese entrepreneur has become an unreliable millionaire chain of the United States, even the in two nationals that have volatility of economic and fluctuations.

With the US IPO market near the analyst and some analysts intended to receive the support of Americans. An additional primary primary offering, US $ 411 million prices, familiar with the subject.

Zhang worth $ 1.8 billion US on his stakes in the company, according to Bloomberg Billiongy Polle, which is valuable for the first time.

Representatives from the CHAGE denies comment.

Mr. Zhang, who is the administrator of Chairy administrator, joining the waves of Chinese people who have been rising to a popular green tea chain. That includes two brothers behind the compound group, known to US $ 1 billion, about $ 8 billion

But growth has really made a field that covers in Hong Kong, Shean Meng, as director at Beijing ChanaSon. IPOs Shuttle multiple bubbles soon dropped soon after the investors grow to be careful with keeping in a saturated market.

“The size of the capital focus on new tea drinks have reduced, in terms of the United States of America may be effective.”

Healthy tea

Zhang began the chagee in 2017 in Yunnan province, Southwest China, Laos and Vietnam. The name of the company came from the Chinese grief named my farewell, which tells his story of the king Warrior and his love for his beloved. Its logo has a farmer characteristics, a young woman in the Beijing Professor.

Bubble tea brand looks like not the same drink, the chipe with oil expertise, tapium, black and oolong. Its store, designed with ambitious ambitious, echo the sentiment of Starbucks corp. Drinks usually sell for only US $ 2.

The brand has grown as fast as a healthy consumer consumers better from high power bubble teas. Speaking of talks in May, Zhang said the company intended to restore “how to make an ancient 900th way.

The dozen drinks made of Chinese emerged tea oil, expected by US $ 2028 billion. Popular drinks, the average price of 17 yuan (s $ 3.10) per cup, as the percentage in the market last year 2019, the data showed.

Chacee has a network with over 6,440 stores, with most of them located in China and are abroad in Malaysia, Singapore and Thailand. About 6,270 of the province is franchised and 169 is the company that belongs to the company, said.

But the extension did not come without a challenge. In Malaysia, China faces calling among local consumers after its new app shows in the South China Sea. In Vietnam, where it plans to launch soon, officials investing similar events.

By public to public, China may look forward to their own position like Starbucks, Dissemination of Smartkarma Analysis Entry Entertainment However, Wang was specified hard times, saying the trade war is the surprise that the Changee did not see coming. Spark