Rajiv MenonFood
Chagee Same-Store Sales Fall 16.1% in China as Network Shifts Direct
Operating income rose nearly fivefold in the second quarter even as domestic same-store transactions dropped for a fifth consecutive quarter.
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Chagee
Every story tagged Chagee on RetailNews Asia: reporting, analysis and market signals from across Asian retail and e-commerce.
Stories tagged Chagee
16 stories in this topic
Aiko TanakaFood
Chagee Second Quarter Profit Jumps to $68.5 Million as Overseas Sales Surge
Operating profit rose nearly fourfold to RMB524.7 million as the Chinese teahouse operator cut costs and pushed beyond Greater China.
Maria SantosFood
Chagees Expansion Spree Boosts Revenue but Dents Profits: Inside the Chinese Tea Giants Strategy
Chagee, the acclaimed Chinese tea chain, has experienced yet another boost in revenues, despite the ongoing expansion of its stores seeming to take a toll on its profit margins. Currently, Chagee owns a staggering 7531 teahouses, located primarily in Greater…
Sarah ChenFood
Chagee Brews Up Asia-Pacific Expansion: Chinese Milk Tea Giant to Debut in Seoul
The popular Chinese milk tea franchise, Chagee, will be making its first appearance in South Korea during this quarter. Three branches of the chain will be opened concurrently in the districts of Gangnam, Yongsan, and Sinchon in Seoul. This move is part of…
Aiko Tanaka
Chagee Debuts First Thai Flagship Store at IconSiam Featuring Exclusive Drinks & Merchandise
Chinese tea chain, Chagee, has expanded its presence in Thailand with the launch of its flagship store at IconSiam. This addition increases the brand’s store count in the country to a total of 26 outlets. The newly opened store, comfortably situated on the G…
Aiko TanakaFood
Chagee Brews a Unique Blend: First Pet-Friendly Tea Store Launches in Southeast Asia
Chagee, a Chinese tea chain, has broadened its horizons with the unveiling of its inaugural pet-friendly store in Eastwood City, Manila, in the Philippines. This ground-breaking concept in Southeast Asia has been designed to appeal to both pet owners and…
Minjun ParkFood
Chagee Holdings Stands Firm On Premium Pricing Amid Falling Sales And Rising Competition
Chinese beverage company Chagee Holdings is maintaining its focus on premium products, even in the face of falling sales and profits as customers turn to more affordable competitors. The company’s co-founder, Shang Xiangmin, stated in a recent interview, “We…
Rajiv MenonFinance
Chagee Expands In Southeast Asia With Two Key Flagships In Kuala Lumpur
Chagee, a leading Chinese milk tea company, is increasing its global presence with the launch of a new flagship store in Malaysia. Location and offerings The newly established Chagee Wolo KL Global Flagship is strategically situated at the busy intersection…
Minjun ParkFood
Chagee Unveils World’s Largest Flagship Store In Hong Kong, Reinforces Commitment To Authentic Tea Culture
Chagee, a popular Chinese tea chain, has recently launched its biggest global flagship store on Lee Tung Street in Wan Chai. This marks the seventh establishment for the brand in Hong Kong. Spacious and Multifunctional Flagship Store The new flagship store…
Maria SantosFood
Chagee’s Revenue Soars Amid Expansion, Despite Significant Profit Dip
The second quarter of the financial year saw Chinese milk tea chain Chagee experiencing a double-digit increase in revenue, largely due to its network expansion. However, this growth was accompanied by a notable drop in profit. Financial Highlights Chagee,…
Sarah ChenFood
Chagee’s Return To Vietnam Spurs Renewed Criticism Amid Expansion Plans
Despite facing an earlier boycott due to its utilization of a contentious ‘nine-dash line’ map in its mobile application, Chinese milk tea franchise Chagee has made a return to the Vietnamese market. New Store Opens Recently, Chagee set up shop in Tan Huong…
Aiko TanakaFood
Chagee: Chinese Tea Giant Set To Brew Success In The Philippine Market
Chagee: The Chinese Tea Brand Poised to Enter Philippine Market Chagee, a renowned Chinese tea brand, is poised to infiltrate the Philippine market. This expansion is earmarked for August, with three branches slated for unveiling in Metro Manila. The fresh…
Sarah ChenFood
Chagee sees double-digit revenue growth in first quarter
Chagee, a renowned Chinese milk tea chain, has reported a significant increase in its net revenues for the first quarter of this year. The figure soared to RMB3.39 billion (US$467.5 million), marking a robust growth of 35.4 per cent compared to the equivalent…
Minjun ParkFood
Chagee faces boycott ahead of Vietnam opening
Chinese milk tea brand Chagee is facing criticism for apparently adopting the ‘nine-dash line’ in its digital app while it prepares to launch in Vietnam. According to local reports, Vietnamese customers are calling for a boycott of Chagee after learning that…
Aiko TanakaFood
Chinese milk tea chain Chagee enters Vietnam
Chagee, one of the largest milk tea brands in China, has expanded into Vietnam and will soon launch its first store there. On Monday, its official Facebook page shared a poster saying “Hello Vietnam” with a caption that read: “Vietnam, let’s get ready for…
Minjun ParkFood
Milk tea chain Chagee sparks outcry in Malaysia over alleged lucky draw tampering
Chinese milk tea chain Chagee has sparked anger among many Malaysian internet users by demanding them to remove videos allegedly showing their employees tampering with a lucky draw. The chain last week attracted large crowds at its over 100 outlets in…