Despite the U.S. expanding its ban on the sale of such technology to China in November, ten Chinese entities successfully acquired advanced Nvidia chips. These chips were integrated into servers manufactured by Super Micro, Dell, and Gigabyte Technology.
The bubble tea popularly known as 'Boba' phenomenon in China is not just a trend, it's a business opportunity that has created several billionaires. The latest to join the ranks is Sichuan Baicha Baidao Industrial Co., the third-largest bubble tea chain in the country, which is preparing to go public amidst stiff competition.