Wang Yun’an, the 38 -year -old founder of the Properties of Chinese dairy tea gum, a billionaire after the indexed channel in Hong Kong on Wednesday.

Wang, who is president of Gumming, has raised a fortune of $ 1. 2 billion, basically on the basis of his participation in the Hangzhou company, in the Zhejiang box, according to Forbes estimates. The highest company shares in 4. 6% in morning bags before repairing some of the profits to finish 0. 6% more at 11:30 a. m.

The rubber raised $ 1. 8 billion HK (233 million dollars) by promoting $ 182. 4 million at $ 9. 94 HK each, the upper finish of A in the range announced in the past, according to a scholarship file.

Their performances in the inventory market have so far exceeded competition as Nayuki Holdings and Chapanda. Chapanda, a Chinese milk chain that sells similar products, such as freshly infused tea combined with fruit, saw that their movements crash into almost 30% of their first day of negotiation in April 2024. Chapanda is below Its opi in the midst of the considerations of -memissariat in the industry.

Signature students can buy Gumming shares from OPI, Kenny NG, a strata of values ​​founded in Hong Kong in Everbright Securities, through Wechat. Clarence Chu, an analyst founded on Singapore in Aequitas Research that publishes through the Smartkarma Studies platform, wrote that additional action increases can be limited given the fierce festival and “small product differentiation”, according to a note of four four February studies.

Gumming responded to a request for comments sent by email.

In addition to mixing tea with comfortable ball balls or bullets, the company uses the same extension strategy as its competitors. Using a franchise style in which he sells milk ingredients and invoices of educational prices to its franchisees, the gum has prolonged its network to almost 10,000 retail points in China since its starting in 2010.

After obtaining his high school in engineering, Wang opened the first Gumming store in his Daxi in the province of local media. The corporate Prixa its products between 10 yuan ($ 1. 40) and 20 yuan consisting of the cup, and still has a bastion in Zhejiang, which represents more of its network, according to the prospect.

In the first nine months of 2024, the newest monetary effects available, the highest GUMMming revenue up to 15. 6% annual sliding to 6. 4 billion yuan. Its benefit of 1,100 million yuan, 11. 8% more compared to the same era of the previous year, according to its prospect.

NG says he advises investors to wait and see. “I think its valuation is at relatively higher levels,” he says. “Investors can verify if the company can resist its introduction value in the inventory market later. “