Vietnam is a huge potential market for the bubble tea business. This drink is gradually becoming a favourite and popular drink among generations Y and Z.
HANOI (Vietnam News/Asia News Network): Vietnam is a huge potential market for the bubble tea business. This drink is gradually becoming a favourite and popular drink among generations Y and Z.
The bubbling excitement for bubble tea across Southeast Asia has helped the industry grow to a whopping US$3.7 billion (131 billion baht) in 2021 - spent on both bubble tea and similar "new tea" drinks, according to a study published on August 16.
SINGAPORE/JAKARTA GoTo is banking for a steady market debut after raising $1.1 billion (S$1.5 billion) in a relatively cautious IPO, while a booming local share market is cementing expectations that Indonesia's largest tech firm can buck a global downtrend in tech stocks. Formed by the May merger of ride-hailing-to-payments company Gojek and e-commerce giant Tokopedia, PT GoTo Gojek Tokopedia.