Backlash is brewing as Chagee prepares to enter Vietnam with its first outlet, slated to launch in Ho Chi Minh City.

The stock had initally opened trade at HK$267, according to exchange data. Mixue, which is known for its milk tea, fruit drinks, ice cream and coffee, had offered 17.06 million shares in its IPO, ...

Milk tea is part of Hong Kong’s food culture and colonial past. A mixture of tea leaves are brewed with hot water, and pulled (a pouring process used to enhance flavour and colour) four times ...