Early Life
Wang Yun'an's journey began approximately 15 years ago when he opened his first bubble tea shop in Daxi, Zhejiang Province, China. This marked the inception of what would become a massive bubble tea empire. Before entering the business world, Wang graduated from Zhejiang Sci-Tech University with a bachelor's degree in engineering.
Rise to Success
Through a franchise model, Wang expanded his brand, "Good Me," to nearly 10,000 stores across China. His strategic focus on smaller cities and townships, where bubble tea was less available, fueled rapid growth. This expansion made Good Me the second-largest fresh bubble tea maker by sales and store count in 2023.
Key Business Strategies
Guming's strategy revolved around a franchise model. The company sold milk-tea ingredients and charged training fees to its franchisees. In 2020, the company received its only known external financing round from investors, including HongShan and Coatue Management.
Philanthropy
I am unable to find the exact amount of Wang Yun'an's philanthropy initiatives.