Bubble tea, also known as boba, has come a long way from its origins in Taiwan in the 1980s to its current global popularity.
Ask everyone under the age of 40 in the world if they’ve ever had the milky tea and tapioca ball combo, and there’s a high chance they have.
Bubble tea has clearly struck a chord with its numerous devotees, but it has also left some investors bitter.
Stock market debuts of two China-based chains have already flopped. There are at least two additional share sales in the works.
Despite these setbacks, it is obvious that boba has become a global phenomenon as its popularity extended from Asia to the West.
