Chagee Stock EXPLODES! Chinese Tea Chain Defies Trade War?!

Dood They're RICH!

Alright alright settle down chat. Asmongold here and let's talk about this Chagee IPO. Apparently this Chinese tea company went public on the Nasdaq and the stock *exploded*. I'm talking a 40% increase dood! Opened at $33.75 after pricing at $28. See chat? People *do* like tea! Maybe I should get into the tea business. Asmongold's Gamer Fuel Tea... I dunno sounds kinda lame doesn't it? Anyway they raised a whopping $411 million. That's enough to buy like a million tubs of mayonnaise... or you know actually invest in something smart. Probably the mayonnaise let's be real.

6400 Teahouses!? Are You Kidding Me?

So this Chagee company they're not messing around. They've got over 6,400 teahouses in China Malaysia Singapore and Thailand. Six THOUSAND! I can barely manage to keep my desktop clean and these guys are running a tea empire. Last year they made a net income of $344.5 million. That's insane! Maybe I'm in the wrong business. Should I ditch the streaming and start selling tea? Nah then who would yell at Blizzard for us? I mean someone's gotta do it.

American Dreamin' (With Tea)

Now here's the kicker: they're planning to open their first U.S. location in Los Angeles at the Westfield Century City mall. LA huh? Figures. Gotta appeal to the influencers and the health nuts. "Oh I'm too good for soda. I only drink artisanal tea brewed with glacier water." Look I'm not hating get that bag. But I'll stick to my Mountain Dew thank you very much. Still good for them for expanding during these times. It takes a lot of 'guts over fear' to go against the current.

Starbucks' Rival?!

Apparently the founder of Chagee was inspired by the success of international coffee companies. So they're trying to be the Starbucks of tea? Okay good luck with that. Starbucks is like the final boss of the caffeine industry. But hey competition is good right? Maybe this Chagee will force Starbucks to finally lower their prices. A man can dream. A man can always dream.

Trade War What?

And get this this IPO is happening *despite* the trade tensions between the U.S. and China. Everyone else is running scared delaying their IPOs and Chagee is like "Nah we're good. We're selling tea! Everyone loves tea!" It's like they're saying 'We're gonna make it chat!'

Is This The Next Big Thing Chat?

So the big question is: is Chagee the real deal? Is this the next big thing? Or is it just another flash in the pan? Honestly I have no idea. But I'll be watching. And maybe... just maybe... I'll even try their tea. But don't expect me to give up my Mountain Dew anytime soon. Alright that's all for now chat. Stay bald and don't forget to pay your taxes!