{"id":3589,"date":"2025-05-09T09:22:00","date_gmt":"2025-05-09T09:22:00","guid":{"rendered":"https:\/\/en.ctma.com.cn\/?p=3589"},"modified":"2026-02-12T16:26:06","modified_gmt":"2026-02-12T16:26:06","slug":"chagee-goes-to-nasdaq-chinas-new-style-tea-drinks-go-to-the-us-for-the-first-time","status":"publish","type":"post","link":"https:\/\/en.ctma.com.cn\/index.php\/2025\/05\/09\/chagee-goes-to-nasdaq-chinas-new-style-tea-drinks-go-to-the-us-for-the-first-time\/","title":{"rendered":"CHAGEE\u00a0goes to Nasdaq: China&#8217;s new-style\u00a0tea drinks go to the US for the first time"},"content":{"rendered":"\n<p>Recently, the Chinese new-style&nbsp;tea brand CHAGEE&nbsp;(stock code: CHA) officially listed on NASDAQ, becoming the first Chinese tea drink company to list in the U.S. The IPO was priced at $28 per share, raising a total of $5.1 billion (approximately 37.2 billion RMB). International investment banks such as Citigroup and Morgan Stanley served as lead underwriters, marking the entry of China&#8217;s tea drink industry into the era of global capital.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"730\" src=\"https:\/\/en.ctma.com.cn\/wp-content\/uploads\/2025\/06\/\u56fe\u72474-2-1024x730.png\" alt=\"\" class=\"wp-image-3590\" srcset=\"https:\/\/en.ctma.com.cn\/wp-content\/uploads\/2025\/06\/\u56fe\u72474-2-1024x730.png 1024w, https:\/\/en.ctma.com.cn\/wp-content\/uploads\/2025\/06\/\u56fe\u72474-2-300x214.png 300w, https:\/\/en.ctma.com.cn\/wp-content\/uploads\/2025\/06\/\u56fe\u72474-2-768x548.png 768w, https:\/\/en.ctma.com.cn\/wp-content\/uploads\/2025\/06\/\u56fe\u72474-2.png 1080w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>Founded in 2017, CHAGEE&nbsp;has rapidly expanded its market presence through its unique &#8216;fresh leaf milk tea&#8217; and franchise model. By the end of 2024, it had established over 6,440 stores globally, with 97% being franchises. In 2024, the company&#8217;s revenue surged to 12.4056 billion yuan, a 167.4% increase from the previous year, with a net profit margin of 20.3%. The average monthly GMV per store exceeded 510,000 yuan, demonstrating strong profitability.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"683\" src=\"https:\/\/en.ctma.com.cn\/wp-content\/uploads\/2025\/06\/\u56fe\u72475-2.png\" alt=\"\" class=\"wp-image-3591\" srcset=\"https:\/\/en.ctma.com.cn\/wp-content\/uploads\/2025\/06\/\u56fe\u72475-2.png 1024w, https:\/\/en.ctma.com.cn\/wp-content\/uploads\/2025\/06\/\u56fe\u72475-2-300x200.png 300w, https:\/\/en.ctma.com.cn\/wp-content\/uploads\/2025\/06\/\u56fe\u72475-2-768x512.png 768w, https:\/\/en.ctma.com.cn\/wp-content\/uploads\/2025\/06\/\u56fe\u72475-2-90x60.png 90w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>According to the prospectus, the average monthly sales per store of CHAGEE&nbsp;in China have nearly tripled from 8,981 cups in 2022 to 25,099 cups in 2024, demonstrating the success of its &#8216;major product + strong operations&#8217; model. Additionally, the company&#8217;s first North American store will open in Los Angeles, California, marking the substantial implementation of its globalization strategy.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Recently, the Chinese new-style&nbsp;tea brand CHAGEE&nbsp;(stock code: CHA) officially listed on NASDAQ, becoming the first Chinese tea drink company to list in the U.S. The IPO was priced at $28 per share, raising a total of $5.1 billion (approximately 37.2 billion RMB). International investment banks such as Citigroup and Morgan Stanley served as lead underwriters,<\/p>\n<p><a href=\"https:\/\/en.ctma.com.cn\/index.php\/2025\/05\/09\/chagee-goes-to-nasdaq-chinas-new-style-tea-drinks-go-to-the-us-for-the-first-time\/\" class=\"btn frontech-btn\"><span><\/span>Read More<\/a><\/p>\n","protected":false},"author":1,"featured_media":3591,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[17,96,120,3],"tags":[75,97],"_links":{"self":[{"href":"https:\/\/en.ctma.com.cn\/index.php\/wp-json\/wp\/v2\/posts\/3589"}],"collection":[{"href":"https:\/\/en.ctma.com.cn\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/en.ctma.com.cn\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/en.ctma.com.cn\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/en.ctma.com.cn\/index.php\/wp-json\/wp\/v2\/comments?post=3589"}],"version-history":[{"count":1,"href":"https:\/\/en.ctma.com.cn\/index.php\/wp-json\/wp\/v2\/posts\/3589\/revisions"}],"predecessor-version":[{"id":3592,"href":"https:\/\/en.ctma.com.cn\/index.php\/wp-json\/wp\/v2\/posts\/3589\/revisions\/3592"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/en.ctma.com.cn\/index.php\/wp-json\/wp\/v2\/media\/3591"}],"wp:attachment":[{"href":"https:\/\/en.ctma.com.cn\/index.php\/wp-json\/wp\/v2\/media?parent=3589"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/en.ctma.com.cn\/index.php\/wp-json\/wp\/v2\/categories?post=3589"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/en.ctma.com.cn\/index.php\/wp-json\/wp\/v2\/tags?post=3589"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}