Gong Cha Reportedly Selling for RMB 14 Billion

Wallstreetcn
2026.04.08 12:20

Recently, multiple media outlets reported that US private equity firm TA Associates has initiated the sale process for tea drink brand Gong Cha, with a potential valuation of US$2 billion, approximately RMB 14 billion, and has appointed JP Morgan as its financial advisor. The transaction is currently in its early stages.