CHAGEE

CHAGEE, founded in 2017 by CEO Junjie Zhang, is a Chinese premium tea chain that has rapidly expanded its presence both domestically and internationally.

The company specializes in freshly handcrafted teas made from whole-leaf tea leaves and fresh milk. It offers a diverse range of beverages that cater to various tastes and preferences.

With a commitment to quality and innovation, CHAGEE has redefined the traditional tea-drinking experience. It blends ancient tea-making methods with modern technology to create a unique and health-conscious product line.

Global Presence

By the end of 2024, CHAGEE operated over 6,000 teahouses globally, with the majority located in China.

The company has also expanded into Southeast Asia, with stores in Malaysia, Singapore, and Thailand.

In 2025, CHAGEE made its debut in the United States, opening its first U.S. store in Los Angeles.

Financial Highlights

In April 2025, CHAGEE successfully raised $411 million through its U.S. initial public offering (IPO), valuing the company at $5.1 billion.

The IPO involved the sale of 14.7 million American depositary shares. Cornerstone investors subscribed to $205 million worth.

Future Plans

CHAGEE's rapid growth and innovative approach have positioned it as a leading player in the global tea industry.

The company plans to expand its footprint to 100 countries and deliver 15 billion cups of freshly brewed tea annually.

Locations

• Torrance, CA, USA
• China (majority of stores)
• Malaysia
• Singapore
• Thailand