Significant Revenue Growth
Chagee reported a revenue of RMB3,392.7 million, marking a 35.4% year-over-year increase, showcasing the resilience and sustainability of their business model.
Global Expansion Success
Chagee expanded its store network to 6,512 stores in Greater China and 169 in Southeast Asia. The GMV from overseas markets grew by 85.3% year-over-year.
Strong Product Innovation
Introduced seven new products, with the low-caffeine BOYA Tea Latte achieving high new customer conversion rates and significant GMV growth.
IPO and Financial Stability
Chagee's IPO raised approximately $472.9 million, strengthening its financial foundation for future growth initiatives.