Shares of Mixue Group, China’s largest bubble tea chain controlled by billionaire brothers Zhang Hongchao and Hongfu, jumped 43% in its Hong Kong IPO debut.

Shares of other Chinese bubble tea companies listed in Hong Kong traded lower on Monday morning, erasing earlier gains. Nayuki traded down 6.2%, while Sichuan Baicha Baidao stood 5.5% lower.

Get top local stories in Connecticut delivered to you every morning. Sign up for NBC Connecticut's News Headlines newsletter. Shares of other Chinese bubble tea companies listed in Hong Kong ...