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‘The next sushi’: Sharetea’s growing stake in $2bn bubble tea market

Australian bubble tea business Sharetea has set its eyes on growth, with at least 20 new franchised stores planned for the rest of 2022 and a focus on owning the market firmly in view. Founded a decade ago, the business has grown from a single store in Sydney to approximately 90 along the eastern seaboard of Australia, soon to be 110. The bubble tea market has been growing for years, and is poised to be worth US$3.4 billion by 2027, according to data from Fortune Business Insights. “The bubble