Chinese bubble tea chain Chagee filed for a U.S. initial public offering on Tuesday, seeking to trade on the Nasdaq using the ticker “CHA,” as it prepares to open its first U.S. store in Los Angeles this spring. Founded in 2017, Chagee has over 6,400 teahouses across China, Malaysia, Singapore, and Thailand, with plans to expand globally. Despite concerns over Chinese companies seeking U.S. listings, Chagee aims to follow the success of international coffee companies like Starbucks and serve tea lovers worldwide.
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Zohran Mamdani leads fundraising in NYC mayoral race – Middle East Monitor
Democratic nominee for New York City mayor, Zohran Mamdani, has raised over $1 million in recent weeks, significantly outpacing incumbent Mayor Eric Adams and former Governor Andrew Cuomo in campaign funds. Following his victory in the Democratic primary, Mamdani is positioned to potentially become the first Muslim and South Asian mayor of the largest U.S. city. Want More Context? 🔎
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