Yes, potentially. Like real estate or tech in past cycles, the bubble tea market is showing signs of saturation:
• Margins are thinning.
• Quality control is uneven.
• Smaller chains are closing.
• Overdependence on promotions to keep customers loyal.
It mirrors parts of the broader Chinese economy: high competition, fast growth, but also volatility and consolidation risk.
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- fuzzyoo·05-14Interesting insightsLikeReport
