HONG KONG (Reuters) – Chinese tea chain Chagee has received approval from Beijing to list on Nasdaq in the U.S., adding to Chinese consumer brands that have been looking to raise funds offshore.
Chagee completed a filing with the China Securities Regulatory Commission to float shares on the U.S. bourse, regulatory records showed on Thursday.
(This story has been corrected to say that the company offers ‘tea,’ not ‘bubble tea,’ in the headline and paragraph 1)
(Reporting by Selena Li; Editing by David Goodman)
