GONG CHA LIMITED

Gong cha is an international beverage franchise specializing in freshly prepared premium tea, bubble tea, and coffee. The company's name, meaning "to offer the best tea to the Emperor," reflects its commitment to high quality. Founded in Kaohsiung, Taiwan, in 2006, Gong cha established its global headquarters in London, United Kingdom, in 2020.

The core of Gong cha's offerings is its Taiwanese-style bubble tea, featuring sweet milk tea with tapioca pearls. The menu is extensive, encompassing house specials, various brewed teas, milk teas, creative mixes, coffee, healthy series options, and ice smoothies. Customers have the flexibility to customize their beverages, choosing bases, add-ins, toppings, and adjusting sweetness and ice levels. The company primarily operates through a franchise model, boasting over 2,200 locations across 33 global markets.

Gong cha is a privately held entity, backed by private equity firms TA Associates and Partners Group. Martin Berry serves as the CEO of Gong cha Global. In recent developments, TA Associates is reportedly exploring a potential sale of its majority stake in the company, with a valuation estimated around $2 billion as of March 2026. The company continues its strategic expansion, including the acquisition of 170 stores from its largest U.S. franchisee to bolster its presence in the American market. Gong cha recorded sales of $578 million in 2024.