πππFrom its humble beginnings in Yunnan, Chagee
$Chagee Holdings Limited(CHA)$ has swiftly climbed the ranks to become a leader in the competitive tea beverage sector.
Chagee's CEO and Founder Junjie Zhang has an ambitious target of 100 countries and 15 Billion Cups annually in his global expansion drive.
Chagee specialises in raw leaf fresh milk tea and combines traditional oriental culture of tea with innovation and modern technologies.
Chagee hopes to replicate the IPO success of $MIXUEGROUP(02097)$ in Hong Kong.
While its financial records are impressive, Chagee may face the current headwinds of sharp declines in US stocks.
The good thing about Chagee is that its tea are 100% sourced in China. Its signature offering the Jasmine Green Milk Tea enjoys robust sales with over 230 million servings sold annually.
I am excited to see how Chagee fare in its IPO before investing in the stock.
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