NEW YORK] Chinese tea chain Chagee Holdings managed what in April 2025 seems like an impossible feat: not only did it pull off a successful US initial public offering (IPO) in the middle of a tariff war,

By Scott Murdoch SYDNEY (Reuters) -Chinese tea firm Chagee has raised $411 million by setting the price of its shares at $28 each in its initial public offering in the United States, the company said in a statement on Thursday.

A 30-year-old Chinese entrepreneur has become an unlikely billionaire with the listing of his sprawling tea shop chain in the US, even as tensions between the two nations stoke an economic decoupling and market volatility.