Founded in Chengdu in 2008 and IPO'd on the Hong Kong Stock Exchange in April 2024 — one of the big mid-tier chains (alongside
古茗 and
沪上阿姨) squeezed between premium player
喜茶/
奈雪 at the top and
蜜雪冰城 at the bottom. The
百道 in the name means 'a hundred ways,' pitched at menu variety.