🧋- China’s Bubble Tea Boom Creates a Half-Dozen Billionaires

𝟏. 𝐖𝐚𝐥𝐦𝐚𝐫𝐭 𝐄𝐱𝐞𝐜 𝐒𝐚𝐲𝐬 𝐈𝐏𝐎𝐬 𝐅𝐨𝐫 𝐅𝐥𝐢𝐩𝐤𝐚𝐫𝐭 𝐀𝐧𝐝 𝐏𝐡𝐨𝐧𝐞𝐏𝐞 𝐂𝐨𝐮𝐥𝐝 𝐓𝐚𝐤𝐞 𝐂𝐨𝐮𝐩𝐥𝐞 𝐎𝐟 𝐘𝐞𝐚𝐫𝐬

Walmart is planning IPOs for Flipkart and PhonePe within the next 2 years; Walmart may priori...

Looks like the market is huge in China. He also runs a pharma company that peaked during covid

But to think someone in this business is richest. Tells how different markets can be.

• Zhong Shanshan, founder of Nongfu Spring Co., criticizes PDD Holdings and ByteDance for instigating a price war and spreading negative publicity.
• The fallout led to a $20 billion loss in market capitalization for Nongfu and Zhong's ...