Chagee,Hong Kong Archives a tea-based beverage company founded in Yunnan, China, filed for an IPO with the US Securities and Exchange Commission (SEC) on March 26. According to its prospectus, Chagee reported gross merchandise volume (GMV) of RMB 29.5 billion ($4.1 billion) in 2024, a 173% increase from the previous year. By the fourth quarter of 2024, the company operated 6,440 stores worldwide, up 83% from a year earlier. The company has undergone an aggressive expansion, seeing it open 1,087 stores globally in 2022, followed by 3,511 in 2023 and another 6,440 in 2024. This expansion has driven a surge in GMV and revenue, with sales coming from product sales and services provided to franchisees. In 2023, Chagee reported revenue of RMB 4.64 billion ($640 million), nearly tripling to RMB 12.4 billion in 2024. As of the end of 2024, Chagee operated 156 stores in Malaysia, Singapore, and Thailand. The company plans to open up to 1,500 new stores in China and its international markets in 2025, including a first North American location (Los Angeles). Between Dec. 31, 2024, and the IPO filing date, Chagee opened 207 new stores and declared it had another 442 in the works. [36 Kr, in Chinese]
(Editor: {typename type="name"/})
Inside the Murky Process of Getting Games on Steam
Taobao and Tmall deepen partnership with Xiaohongshu to power seamless cross
JD.com’s food delivery service faces backlash after system crash amid 618 surge · TechNode
AMD reportedly drops Samsung 4nm orders, moves to TSMC’S Arizona fab · TechNode
The State of PC Gaming in 2016
'The Last of Us' Season 2, episode 3's opening credits has a heartbreaking change
We're still not over the death of Joel (Pedro Pascal) but, like it or not,The Last of Usis entering
...[Details]
BYD to launch Japanese Kei EV next year in latest overseas push · TechNode
BYD is planning to launch a tiny, affordable electric vehicle model in Japan in the second half of 2
...[Details]
China’s Xpeng showcases EVs at Milan Design Week, makes foray into Italy · TechNode
China’s Xpeng Motors said on Tuesday that it had become the first Chinese electric vehicle startup t
...[Details]
Li Auto reportedly cuts delivery goal amid fierce competition, lackluster demand · TechNode
Li Auto recently cut its annual delivery goal to 640,000 cars this year instead of the previous targ
...[Details]
Best Max streaming deal: Save 20% on annual subscriptions
SAVE UP TO $40: New and returning customers can sign up for Max yearly streaming subscriptions for u
...[Details]
JD.com files trademark for ‘Joyrobotaxi,’ signaling interest in autonomous ride
JD.com has filed a bid to trademark “Joyrobotaxi,” suggesting the Chinese e-commerce giant may be pr
...[Details]
NVIDIA is redesigning its AI chips to comply with US export restrictions on China. According to The
...[Details]
Luo Yonghao's digital avatar draws over 13 million viewers in AI
On June 15, Luo Yonghao’s digital avatar hosted its first livestream on Baidu’s e-commerce platform,
...[Details]
NYT mini crossword answers for May 12, 2025
The Mini is a bite-sized version of The New York Times' revered daily crossword. While the crossword
...[Details]
BYD to launch Japanese Kei EV next year in latest overseas push · TechNode
BYD is planning to launch a tiny, affordable electric vehicle model in Japan in the second half of 2
...[Details]
Best earbuds deal: Save 20% on Soundcore Sport X20 by Anker
Tencent reports $8.26 billion in gaming revenue for Q1, up 24% y
接受PR>=1、BR>=1，流量相当，内容相关类链接。