专栏咏竹坊

Auntea Jenny steeped by rivals in flood of bubble tea IPOs

The folksy-named company is the latest chain from an increasingly crowded and cut-throat Chinese premium tea industry to seek investor dollars in Hong Kong.

"Today is cruel, tomorrow will be even crueler. The day after tomorrow is beautiful, but most people will die tomorrow night," once said Jack Ma, Chinese internet legend and founder of Alibaba.

While Ma may have been talking about Alibaba’s core e-commerce business, his words could also apply to China’s overheated premium tea market these days. And his words may not even be strong enough for a turbulent secto