Chagee’s nasdaq debut reshapes china’s tea race
Raises US $411 million in biggest U.S. China‑consumer IPO since 2021; shares jump 21 percent on day one. Operates ≈6,700 franchised “teahouses,” adding >5,000 outlets in 24 months —the fastest build‑out in China’s premium drinks 2024 gross merchandise value (GMV) hits RMB 295 billion ; up 173 % YoY on…
bubmagApril 22, 2025