From a small shop in his hometown to a massive network of nearly 10,000 outlets, Yun’an Wang’s journey to success resembles a classic rags-to-riches story. He became a billionaire after his tea chain, Guming, was listed on the Hong Kong Stock Exchange recently
China’s passion for bubble tea has turned one man into a billionaire overnight.
Yun’an Wang became a billionaire after his tea chain was listed on the Hong Kong stock exchange on Wednesday.
From a small shop in his hometown of Daxi to a massive network of nearly 10,000 outlets, his journey to success feels like a classic rags-to-riches tale.
His venture recently reached a major milestone with a successful IPO in Hong Kong, pushing his net worth to $1.2 billion.
Wang is now part of the growing group of Chinese bubble tea tycoons who have emerged in recent years as demand for the drink continues to soar.
But who is Yun’an Wang, and how did he achieve billionaire status? Here’s a look at his journey and his company.
Who is Yun’an Wang?
Yun’an Wang, 38, is the founder of Guming Holdings Ltd, a bubble tea chain that has expanded to nearly 10,000 stores across China since its launch in 2010…
