Lulu Shen

1 week ago | news.bloombergtax.com | Diana Li |Pui Gwen Yeung |Lulu Shen

China’s bubble tea market is overflowing with rivals and fierce price clashes — yet it’s just produced another billionaire couple. On Thursday, Auntea Jenny (Shanghai) Industrial Co. started trading in Hong Kong, raising HK$273 million ($35 million) with a listing price of HK$113.12, the top of the range. The stock climbed 53% to HK$172.80 at 12 p.m. in Hong Kong.

1 week ago | bloomberg.com | Diana Li |Pui Gwen Yeung |Lulu Shen

An Auntea Jenny drink. Photographer: Na Bian/Bloomberg(Bloomberg) -- China’s bubble tea market is overflowing with rivals and fierce price clashes — yet it’s just produced another billionaire couple. On Thursday, Auntea Jenny (Shanghai) Industrial Co. started trading in Hong Kong, raising HK$273 million ($35 million) with a listing price of HK$113.12, the top of the range. The stock climbed 53% to HK$172.80 at 12 p.m. in Hong Kong.

2 months ago | bloomberg.com | James Mayger |Daniela Wei |Lulu Shen |Lucille Liu

Sunny Hu was about to go to bed when her phone lit up bearing bad news for her outdoor furniture business: More US tariffs just dropped. “I’m speechless. I feel like there’s nothing I can do,” said Hu, whose company makes patio sets in eastern China and sells mostly to American retailers. The next day, her US sales team brought another dreaded update — some customers held their orders because of Donald Trump’s torrent of levies.

2 months ago | news.bloomberglaw.com | Filipe Pacheco |Pui Gwen Yeung |Lulu Shen

In the late 1990s, university student Zhang Hongchao opened a cold drinks stall in Zhengzhou, a city of about 13 million in central China. A decade later, his younger brother joined the business. Now, they’re richer than the mastermind behind the rapid global expansion of Starbucks Corp.

2 months ago | bloomberg.com | John Liu |Lulu Shen

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