COBO was founded in December 2010 by a young Filipino-Chinese entrepreneur and his wife, both with roots from the city of Cebu in the South.

Determined to bring an authentic milk tea experience to the Philippines, the founders of COBO attended a Tea University in Taiwan to learn about the intricacies and complexities of milk tea preparation so they could perfect concoctions that will suit the local market. To further ensure that the Taiwanese Milk Tea experience is consistently offered, COBO directly sources its ingredients from the leading milk tea and beverage supplier in Taiwan.

What started as a single store in Scout Gandia in Quezon City has grown to 33 stores during its peak, with 3 stores representing franchise stores all positioned in strategic locations in Metro Manila and Metro Cebu.