HONG KONG -- Sichuan Baicha Baidao, a Chinese low-priced tea chain also known as ChaPanda, made a disappointing debut on the Hong Kong market on Tuesday, casting a shadow on authorities' hopes for revitalizing initial public offering activity.
IPO
China tea chain ChaPanda sinks in Hong Kong IPO as market sours
'Bad' sentiment may affect rivals' hopes to drum up cash for expansion
A ChaBaiDao shop -- as ChaPanda is also known -- in Shanghai. The company has said it will spend over half its IPO proceeds improving overall operations and strengthening supply chains. © Reuters
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