• E115: Chagee's US IPO, the new "Starbucks or tea"

  • Apr 22 2025
  • Length: 14 mins
  • Podcast

E115: Chagee's US IPO, the new "Starbucks or tea"

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  • Summary

  • Founded by a young man with (allegedly) no formal education, Chagee has quickly become one of the top tea brands in the world. Its recent successful IPO debuted at a market cap of nearly US$6 billion. How did they get here? In this episode, we dive into the success story behind Chagee’s rapid rise - from humble beginnings to becoming one of Starbuck’s biggest rivals anda hiccup in Vietnam. With over 6,000 global stores and a plan to expand further into the US in these turbulent times, can Chagee become the next global beverage giant?



    Chapters:

    00:00:50 – Chagee’s US$6 billion debut in Nasdaq

    00:02:30 – How the name “Cha” came about

    00:04:00 – The founder’s unconventional journey

    00:07:40 – Chagee’s same store sales are declining

    00:11:00 – Chagee’s hiccup in Vietnam

    00:12:00 – Could Chagee be the next Starbucks?

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