U.S. stocks are moving: Cha Hwang Tea Princess (CHA.US) surged 11%, reportedly preparing to open a second location in the United States, possibly during the summer vacation.

According to the China Fortune Financial APP, on Wednesday, King Tea Princess (CHA.US) soared 11% to $30.37. According to the prospectus, by the end of 2024, there were a total of 6440 King Tea Princess stores worldwide, a explosive growth compared to 1087 stores in 2022. The total trade volume in 2024 reached 29.5 billion yuan, and the overseas market has covered countries such as Malaysia, Singapore, and Thailand, with 156 overseas stores. On May 9th, the first King Tea Princess store in the United States officially opened for business. According to analysis by The Paper, the second King Tea Princess store in the United States may be located on the first floor of Brea Mall in Los Angeles, which is currently under renovation and is expected to open in the summer.