(Incorporated in the Cayman Islands)

We are a holding company. We commenced our operations in China in 2017. In December 2020, Beijing Chagee Catering Management Co., Ltd., or Beijing Chagee, was established, and we currently conduct all of our business in China through Beijing Chagee and its subsidiaries. We do not use a variable interest entity structure. 

We are a leading tea drinks brand, CHAGEE. Our brand was represented by a network of 6,440 teahouses, including 6,284 teahouses in China, as of Dec. 31, 2024. This scale represents the largest store network among all premium freshly-made tea drinks brands in China. Our network also includes 156 teahouses in other countries.

CHAGEE’s creation, in 2017, was inspired by how international coffee chains have made coffee drinking both a worldwide lifestyle and a social concept since the 1970s. This success has made us believe that tea drinking needs to be transformed, too — and led us to use the power of technology and brand to make tea drinking a modern-day experience that connects people and cultures around the world.

Today, nearly eight years after our inception and with our relentless passion for technology and pursuit of innovation, we stand out as China’s largest, fastest-growing, and most popular premium freshly-made tea drinks brand, according to iResearch:

We have ranked 1st on China’s social influence index among all freshly-made tea drinks brands in China since October 2023, according to the Social Touch Search Engine.

Note: Net income and revenue are for the 12 months that ended Dec. 31, 2024.

(Note: Chagee Holdings Ltd. filed its F-1 on March 25, 2025, without disclosing the terms, for its IPO. Estimated initial proceeds are $100.0 million.)