The White Rabbit milk tea pop-up in Shanghai. According to some estimates, mainland China is home to about a million milk and fruit tea shops. Photo: Daniel Ren

White Rabbit milk tea sells at 2,000 per cent premium as Chinese consumers show support for local brands amid trade war

  • Shanghai residents pay as much as 500 yuan for milk tea that normally sells for 19-23 yuan
  • US-China trade war is presenting an opportunity for Chinese brands
Topic |   US-China trade war

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The White Rabbit milk tea pop-up in Shanghai. According to some estimates, mainland China is home to about a million milk and fruit tea shops. Photo: Daniel Ren
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