News Summary
Los Angeles is set to welcome Chagee Modern Tea House, a popular tea chain from China, with its grand opening on May 9. Initially starting in Yunnan in 2017, Chagee has over 6,400 global locations. Its first U.S. café will offer signature teas and pastries in a contemporary setting at Westfield Century City mall, bringing an innovative tea-drinking experience to the American market. Chagee’s recent IPO has raised significant funds, further solidifying its ambitious vision.
Los Angeles Welcomes Chagee: A New Era for Tea Lovers
Exciting news for tea enthusiasts! The vibrant city of Los Angeles is gearing up to welcome Chagee Modern Tea House, a popular tea chain from China, which is making its debut in the United States. Founded in 2017 in the picturesque Yunnan province of China, Chagee has swiftly become a go-to destination for tea lovers around the world. With over 6,400 locations across countries such as Thailand, Singapore, and Malaysia, it’s no wonder that this Chinese tea chain is ready to conquer the American market.
Grand Opening Details
Mark your calendars! The grand opening of Chagee’s first U.S. location at the Westfield Century City mall is set for May 9, with the doors opening to the public earlier on April 26. Shoppers will soon have the pleasure of indulging in Chagee’s signature teas, served in ornate cups reminiscent of fine china. It’s all about delivering an experience that elevates tea drinking to new heights.
Taking the Market by Storm
Chagee’s journey into the U.S. market started back in November 2024, when branding made its debut at the former Sugar Factory site. The company recently made headlines by filing for an initial public offering (IPO), trading on Nasdaq under the ticker “CHA.” The excitement surrounding the IPO led to a fantastic start, with shares rising by 15% during its market debut and peaking at an impressive 49% before stabilizing.
With its IPO pricing set at $28 per share, Chagee managed to raise $411 million, bringing its valuation to nearly $5 billion. A look at their financials reveals a robust performance, reporting a net income of $344.5 million on total revenue of $1.7 billion in 2024. The numbers speak volumes about Chagee’s potential and ambition in the competitive food and beverage market.
A Menu to Delight
At the Century City location, tea lovers will be treated to a delicious menu featuring a variety of signature teas—think peach oolong tea lattes, roasted oolong tea, jasmine green tea lattes, and indulgent caramel tea frappes. To add to the good news, there will be options for regular or oat milk, catering to diverse preferences.
But that’s not all! Chagee isn’t just about tea; they’re also offering a selection of delectable pastries in collaboration with Farmshop. Expect to find jasmine tea-infused cruffins, ricotta cakes, classic chocolate chip cookies, and buttery plain croissants. It’s the perfect complement to a refreshing cup of tea.
A Contemporary Tea Experience
The interior design of Chagee reflects a modern atmosphere with elements of blonde wood, a Hollywood-themed mural, and an eye-catching display of the tea brewing equipment. There will be ample seating for customers to enjoy their drinks both indoors and on a charming outdoor patio, which will be adorned with Noguchi-style lanterns and planters featuring lush greenery.
A Growing Presence
The arrival of Chagee is a noteworthy addition to the growing list of new eateries at Westfield Century City, which also recently included Knotted dessert cafe and Chamberlain Coffee. Anticipation is building for additional openings at the mall, including Super Peach from the Momofuku group and Katsuya and Casa Dani, expected later in 2025.
A Vision for the Future
Chagee’s founder and CEO, Junjie Zhang, aims to modernize the tea-drinking experience, inspired by the success of global coffee brands. The company envisions serving tea lovers in 100 countries and creating 300,000 job opportunities worldwide. Their mission is ambitious yet exciting: to deliver 15 billion cups of freshly brewed tea annually.
For those looking to enjoy a refreshing beverage and a delightful pastry, Chagee promises to be a must-visit destination once it opens its doors in Los Angeles. Let the countdown to a new tea adventure begin!
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Additional Resources
- Eater: Chagee Modern Tea House Opening in Los Angeles
- CNBC: Chagee IPO CHA Starts Trading on the Nasdaq
- Forbes: Starbucks Faces Double Trouble as Chagee Targets US
- NBC Los Angeles: Chagee Files for U.S. Initial Public Offering
- Business Insider: Chagee to Hold U.S. IPO
- Wikipedia: Tea
- Google Search: Chagee
- Google Scholar: Chagee
- Encyclopedia Britannica: Bubble Tea
- Google News: Chagee
