Filipe Pacheco

(Bloomberg) -- Sichuan Baicha Baidao Industrial Co., also know as Chabaidao, is set to make its trading debut Tuesday, testing demand for shares of companies making hugely popular bubble tea.

Sichuan Baicha Baidao Industrial Co., also know as Chabaidao, is set to make its trading debut Tuesday, testing demand for shares of companies making hugely popular bubble tea.

(Bloomberg) -- Chinese bubble-tea maker Sichuan Baicha Baidao Industrial Co., also known as Chabaidao, plunged more than 31% in its trading debut

Chinese bubble-tea maker Sichuan Baicha Baidao Industrial Co. , also known as Chabaidao, plunged more than 37% in its trading debut in Hong Kong, with analysts citing growing competition and still weak consumer sentiment as reasons for its disappointing start.

Chinese bubble-tea maker Sichuan Baicha Baidao Industrial Co. plunged more than 38% in its trading debut in Hong Kong, the latest setback for the city as it attempts to revive its moribund financial markets.

Shares of the Chengdu-based company were headed for the worst first-day performance since 2015 for any IPO that raised at least $300 million in Hong Kong.

Mobvoi Inc. , a Chinese artificial intelligence developer backed by Alphabet Inc.'s Google, dropped as much as 22% in its first day of trading in Hong Kong, marking the third stock debut to flop in the city this week.

China has greenlit a US listing by autonomous driving startup Pony.ai, raising the potential for an increase in Chinese tech initial public offerings in New York after a more than two-year hiatus.

Mobvoi Inc., a Chinese artificial intelligence developer backed by Alphabet Inc.’s Google, dropped as much as 22% in its first day of trading in Hong Kong, marking the third stock debut to flop in the city this week.

(Bloomberg) -- China's vow to encourage the nation's leading companies to list in Hong Kong is helping spur a rare surge in the $5 trillion stock market, but dealmakers aren't ready to turn optimistic.