W ang Yun'an is the founder and chairman of Guming Holdings, a leading Chinese bubble tea chain operating under the brand "Good Me." He started the business in 2010 in his hometown of Daxi, Zhejiang province, shortly after graduating from Zhejiang Sci-Tech University with a degree in materials science. Unlike competitors who targeted tier-one cities, Wang strategically focused on China's smaller townships and rural areas, offering high-quality fresh fruit tea at affordable prices. This approach allowed Guming to scale rapidly, building a massive network of nearly 10,000 stores, primarily through a franchise model that emphasizes supply chain efficiency and product consistency.
Under Wang's leadership, Guming has become the second-largest fresh tea store chain in China by store count and gross merchandise value. The company filed for an IPO on the Hong Kong Stock Exchange in early 2024, a move that highlighted its significant market share and financial growth. Wang manages the company's strategic direction and has been instrumental in developing its proprietary cold-chain logistics network, which delivers fresh ingredients to thousands of stores daily. His success story is a testament to the potential of China's "sinking market" consumption upgrade.
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Wang Yun'an is a Chinese businessman, the chairman and CEO of Chinese bubble tea maker Guming Holdings (HKSE: 3390).
Founded in 2010, Guming sells bubble tea products under the Good Me brand. Wang launched the first Good Me store in his hometown of Daxi in Zhejiang Province.
Wang Yun'an's career is defined by his success in scaling a high-volume, low-cost retail food service operation. His structural achievement is tied to building Guming Holdings into a giant with an operating network of almost 10,000 stores across China.
The core of his business strategy is volume, with each cup of tea priced at no more than $3. As Chairman and CEO, he guides the company's aggressive retail expansion.
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Founded Guming Holdings and launched the first Good Me store.
Continues as Chairman and CEO, overseeing a network of almost 10,000 stores.
Wang Yun'an's wealth is concentrated in his founding equity and continued executive leadership of the public retail giant, Guming Holdings.
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-0.02% | -$10.92M
-0.34% | -$5.81M
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