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Chagee looks to regain momentum as post-IPO cooldown deepens in Q3
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Chagee looks to regain momentum as post-IPO cooldown deepens in Q3
Chagee has reported its financial results for the third quarter of 2025. The Yunnan-based teahouse chain recorded net revenue of RMB 3.208 billion (USD 449.1 million), down 9.4% year-on-year (YoY) from RMB 3.541 billion (USD 495.7 million) in Q3 2024. Revenue also declined sequentially from RMB 3.392 billion (USD 474.9 million) in Q1 and RMB 3.331 billion (USD 466.3 million) in Q2. By business model, franchised teahouses generated RMB 2.812 bill…
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