Chagee Holdings Limited (CHA)

Chagee Holdings Limited operates a chain of premium tea drink shops, known in China as Bawang Chaji. Founded in 2017 in Yunnan Province and now headquartered in Shanghai, the company listed its American depositary shares on the Nasdaq in 2025.

Chagee specializes in freshly made milk tea and other tea beverages, with a menu centered on high-quality tea leaves combined with fresh milk. Its shops operate under both company-owned and franchised models across China, and the brand has expanded into Southeast Asian markets such as Malaysia and Singapore, as well as other overseas locations. The company relies heavily on digital ordering through its own mini-programs and apps, along with standardized operations designed to support rapid store expansion.