Sharetea started as a black tea stall on Taipei’s Nanyang Street in 1992 and established Lian Fa in 2004. Photo: CNAIts IPO prospectus showed that it operates 125 Sharetea outlets in the US, its largest market, and 44 shops in Hong Kong, the second-largest. In the first nine months of last year, Lian Fa posted NT$614 million in consolidated sales, up 31 percent from a year earlier. Lian Fa president Lai Po-yu (賴伯宇) said in the statement that Sharetea’s global expansion plan focuses on the US. Lian Fa has signed an agreement with a partner in Kuwait, where its outlet would be the only international hand-shaken beverage brand store, it said.

Source: Taipei Times January 09, 2022 17:29 UTC