Fast-growing Chinese tea company Chagee issues its first earnings report since IPO

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CHAGEE milk tea store with people

Robert Way/iStock Editorial via Getty Images

Chagee Holdings Limited (NASDAQ:CHA) released its first earnings report as a publicly traded company on Friday.

Revenue increased by 35.4% year-over-year to RMB3,392.7 million ($467.5 million). Total GMV generated in the quarter ending on March 31 was RMB8,226.8 million, representing a 38.0% increase from the

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