Greater Baloncus Tea Chain from Starbucks jumps in debut

Mixed ice cream and tea are not recognized for many of us, but China has more space than McDonald and Starbucks.

Monday, the Baloncus Tea Chain shares are more than 40% in the debut on the Hong Kong Exchange.

The company raised $ 444 million (£ 352 million) in the largest primary public proposal (IPO) of the Financial Center.

Mixue’s popularity comes in China with the economic problems of many people, including the property crisis and weak consumers and business confidence. Ice cream and drink, averaged, the average of six Chinese Yuan ($ 0.82; £ 0.65) sells drinks.

In 1997, the company was established by Zhang Hongchao at Henan Finance and Economics, partially a business place to help finance his family.

The full name is Mìxuě Bīngchéng, “Honey Snow City”, decorated with snow king mascot and playing shops TONUMENT OF THE TEACH OFFICE in a loop.

According to the Mixue, China and 11 other countries, including Singapore and Thailand, have more than 45,000 stores. The company said he planned to continue expanding.

It is compared to McDonald’s and Starbucks ’40 .576 ‘more than 43,000 locations.

Often, it seems like China’s largest Bubble River, icy drinks and ice cream chain, it works as a more raw material supplier than a traditional brand.

Unlike the Starbucks running more than half of the stores, almost all Mixue’s places are managed by franchisees.

Mikue’s powerful market debut, in February, in February, the shares in the first day of trading contradicts the smaller opponent gum.

Last year, the owner of the Baloncuk Tea Chain Chabaidao’s owners also fell on market debits.