China Bubble Tea Chain Mixue Sees 39% Sales Growth in First Half

Chinese bubble tea chain Mixue Group reported robust revenue growth in the first half of the year, as its low-priced drinks continued to resonate with cost-conscious young Chinese consumers.

Revenue rose 39% to 14.9 billion yuan ($2.1 billion) in the first six months of the year, according to an exchange filing Wednesday. Net income grew 43% to 2.7 billion yuan in the period.