US Stock Market Move | Bawang tea princess (CHA.US) rose nearly 3% as new tea drinks for the double festival holiday attracted a consumption frenzy.

On Friday, the stock price of CHA.US surged more than 6% at one point during the trading day, and at the time of writing, it had increased by nearly 3% to $16.71. On the news front, during the National Day and Mid-Autumn Festival holiday period, the traffic at the Hub Group, Inc. Class A stores of CHA.US in popular tourist cities and attractions showed a significant increase. Among them, many stores in Shanghai, Sichuan, Guangzhou, and other places have a daily cup volume of over 2500 cups. In popular tourist attraction stores, such as the Longmen Grottoes store in Luoyang, the Nu'Er Cheng store in Enshi, Hubei, and the Wuyuan Wunv Zhou store in Wuyuan, Jiangxi, the sales growth compared to before the holiday exceeded 300%. In addition, the double cup and multiple cup orders of CHA.US increased by more than 60% compared to before the holiday. Driven by factors such as the "holiday economy" and the "travel boom", new tea drink brands are experiencing a peak in sales. In the stores located in popular travel destinations, sales of new tea drink brands have increased by over 2000%. The person in charge of CHABAIDAO stated that the sales of the stores at tourist attractions in popular "autumn sightseeing" cities like Nanjing and Guilin have generally increased by over 600%. NAYUKI's domestic stores also experienced a consumer boom, with a double increase in both order volume and revenue compared to the same period last year. The sales of stores in many locations increased by over 700% compared to before the holiday, including popular tourist cities like Chengdu, Dalian, and Hengdian.