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Gong Cha

Full company profile

uuid00031hq

Namestring
Gong Cha
Legal namestring
Gong cha
Websiteurl
gongchausa.com
Company typeenum
Private
Founded yearint
2006
Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
101–250
akta.pro rankint
HeadquartersJericho, United States
HQ citystring
Jericho
HQ countrystring
United States
HQ regionstring
North America
Markets served

Serves global market

Offices11 records

Each record includes

City, Country, Type, Description, Source

Keyword5 values
bubble tea beverages, tea franchise, specialty milk tea, franchised beverage stores, ready-to-drink tea
Industry3 codes
1Bubble Tea (Boba) Shops
CodeTHAFAKACPrimaryYes
2Tea Rooms & Tea Cafes
CodeTHAFADAFPrimaryNo
3Tea (Leaf, Bagged, Instant, Concentrates)
CodeCRADAHAEPrimaryNo
NAICS code2 codes
  • Coffee and Tea Manufacturing31192
  • Coffee and Tea Manufacturing311920
SIC code1 code
  • Beverages2080
Product category
Specialty Bubble Tea and Beverage Franchise
GTM motion2 records

Each record includes

Type, Description, Source

Revenue model2 records
1Franchise Fees and Royalties
TypeLicensing Royalties
Description

Gong Cha generates revenue through franchise fees and ongoing royalties from franchise operators. The company has been transitioning from master franchising to direct franchising model in the US, acquiring 170 existing locations and granting development rights to experienced multi-unit operators.

finance.yahoo.com
2Systemwide Store Sales
TypeTransaction Fee
Description

Revenue generated from franchisee store sales. The brand generates over $500 million in annual systemwide sales across its global footprint of approximately 2,200 stores.

cnbc.com
Marketing channels5 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels6 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components6 values
Supply Chain, Operations, Personnel, Marketing or Sales, Technology or R&D, Infrastructure
Pricing details2 tiers
1Tea-infused soups priced at $3 for limited time at participating US locations
ModelUnit PricingBilling cadencePay-as-you-go
Notes

Tea-infused savory soups (Tom Yum Soup and Mushroom Truffle Soup) launched as limited-time offering at $3 each

trendhunter.com
2Bottled Jasmine Milk Tea at 188 yen (tax included) in Japan
ModelUnit PricingBilling cadencePay-as-you-go
Notes

400ml PET bottle product launched in partnership with Kirin Beverage, available at Seven-Eleven stores starting June 30, 2026

third-news.com
GTM typeB2C
B2C
Offering typeServices
Services
Core offering1 text field

Gong Cha is a global bubble tea franchise that sells freshly prepared premium tea beverages, milk teas, fruit teas, and specialty drinks through nearly 2,200 company-owned and franchised retail stores across 33+ markets. The company controls its supply chain from owned tea farms in Taiwan, Vietnam, and Sri Lanka and supports franchisees with proprietary beverage automation technology, self-order kiosks, and a mobile ordering and loyalty platform.

Differentiator
Functional benefit
Problem solved
Product overview1 text field

Gong Cha is a global bubble tea franchise offering a portfolio of freshly prepared premium tea and bubble tea beverages. The core product lineup includes signature milk teas (Black Milk Tea with Pearl, Brown Sugar Milk with Pearls, Taro Milk Tea with Pearls), fruit teas (QQ Passionfruit Green Tea), and specialty drinks (Matcha Strawberry Milk Tea), with seasonal offerings like Pumpkin Spice Milk Tea. The company has expanded into adjacent categories including tea-infused soups and retail bottled beverages (Jasmine Milk Tea in partnership with Kirin Beverage). Technology offerings include the Gong Cha 2.0 platform featuring Super Wu automated beverage technology and self-order kiosks, supported by a mobile app for ordering and loyalty rewards. Gong Cha operates nearly 2,200 locations across 33 markets globally.

Product and service10 records
1Black Milk Tea with Pearl
CategoryBubble Tea / Milk Tea
Description

Rich and creamy black tea blended with milk for a smooth milk tea experience served with chewy tapioca pearls; sold to consumers at Gong Cha retail stores.

2QQ Passionfruit Green Tea
CategoryBubble Tea / Fruit Tea
Description

Green tea infused with passionfruit flavor paired with chewy pearls and coconut jelly; part of the fruit tea series sold at Gong Cha stores.

3Brown Sugar Milk with Pearls
CategoryBubble Tea / Milk Tea
Description

Smooth milk combined with the rich flavor of brown sugar and chewy pearls; caffeine-free milk tea beverage for consumers.

4Taro Milk Tea with Pearls
CategoryBubble Tea / Milk Tea
Description

Creamy and smooth taro plant milk tea with tapioca pearls sold at Gong Cha stores.

5Matcha Strawberry Milk Tea
CategoryBubble Tea / Specialty Tea
Description

Matcha tea blended with sweet strawberry for a creamy and refreshing specialty milk tea sold to consumers.

6Pumpkin Spice Milk Tea
CategorySeasonal Beverage
Description

Seasonal fall milk tea featuring pumpkin spice flavor with tapioca pearls; limited-time consumer offering.

7Jasmine Milk Tea (Bottled)
CategoryRetail Bottled Beverage
Description

Ready-to-drink bottled jasmine milk tea based on the in-store Jasmine Green Milk Tea recipe, manufactured and distributed by Kirin Beverage for retail sale at Seven-Eleven Japan.

8Tea-Infused Soups
CategoryFood Item
Description

Savory tea-infused soup category including Tom Yum Soup and Mushroom Truffle Soup, representing a beverage-to-food crossover expansion sold to consumers at participating US Gong Cha stores.

9Gong Cha Mobile App
CategoryMobile Application
Description

Mobile application for iOS and Android enabling customers to customize drinks by ice, sweetness, and toppings, save favorite orders for fast reordering, and earn loyalty rewards with each purchase.

10Gong Cha Franchise Program
CategoryFranchise Opportunity
Description

Franchise program granting multi-unit development rights to experienced foodservice operators to open and operate Gong Cha bubble tea stores under the brand system, with operational support, supply chain access, and the Gong Cha 2.0 store platform.

Scale indicator10 records

Each record includes

Type, Value, Description, Source

Partnership2 partners
Strategic tierMinorTypeStrategic or Co-development PartnerAnnounced on2026-06-30
Description

Partnership for bottled Jasmine Milk Tea product launch in Japan. Kirin Beverage manufactures and distributes the 400ml PET bottle product based on Gong Cha's popular in-store seasonal flavor, available exclusively at 7-Eleven stores.

Strategic tierCoreTypeTechnology or IntegrationAnnounced on2025-11-07
Description

Exclusive partnership with SumUp to enhance digital operations across more than 400 stores in the Americas. Collaboration involves integrated platform streamlining POS, kiosks, mobile ordering, and loyalty programs.

Recent move11 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight6 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

Happy Lemon is a global bubble tea and specialty tea franchise with significant presence in Asia and the US. It competes with Gong Cha on franchise scale and signature flavored tea offerings.

2The Alley
TypeDirect peer
Description

The Alley is a Taiwanese-origin bubble tea chain with strong US and Canadian presence, focused on premium tasting notes and signature drinks. It is a direct competitor to Gong Cha in the specialty bubble tea category.

TypeEmerging player
Description

Boba Guys is a US-based premium bubble tea chain with strong West Coast brand recognition, founded on a craft tea sourcing ethos similar to Gong Cha's premium positioning. Comparable as an emerging direct competitor focused on the US market.

TypeDirect peer
Description

Tiger Sugar is a Taiwan-origin bubble tea brand built around signature brown sugar boba drinks, with global franchise expansion including a US presence. It competes directly with Gong Cha on premium positioning and signature beverage innovation.

TypeDirect peer
Description

Chatime is a global Taiwanese-origin bubble tea franchise operating thousands of stores across Asia, the Americas, and other regions. It is the most direct global franchise competitor to Gong Cha with similar target consumers, product portfolio, and franchise-led GTM.

TypeDirect peer
Description

CoCo is one of the largest global bubble tea chains with thousands of stores across Asia, North America, and Europe. It competes head-to-head with Gong Cha on menu, price point, and franchise scale.

TypeDirect peer
Description

Kung Fu Tea is a major US-based bubble tea franchise with hundreds of stores concentrated on the East Coast. It directly competes with Gong Cha's US expansion plan and targets the same Gen-Z/millennial consumer segment.

TypeBroad incumbent
Description

85°C is a Taiwan-origin bakery cafe chain offering tea, coffee, and baked goods with global locations including the US. It is a broader incumbent competitor in the cafe/beverage space where Gong Cha also operates, overlapping on tea and food menu offerings.

TypeDirect peer
Description

Lollicup is a US-based bubble tea and cafe franchise with hundreds of locations, also serving as a major boba supply distributor. It directly competes with Gong Cha on US bubble tea franchising and has overlap on supply chain and store operations.

TypeDirect peer
Description

Share Tea is a Taiwanese bubble tea franchise with global locations including US markets. It overlaps directly with Gong Cha on menu, franchise model, and target demographic.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat4 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights7 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers3 records

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment2 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile2 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

Integration1 record

Each record includes

Title, Type, Description, Source

AI capability1 record

Each record includes

Type, Description, Source

AI maturity
App detail

Has app

Feature3 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles3 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds1 record

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors1 record

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Gong Cha

Specialty Bubble Tea and Beverage Franchisegongchausa.com

Gong Cha firmographics

Firmographics
Name
Gong Cha
Legal name
Gong cha
Website
https://gongchausa.com
Company type
Private
Founded year
2006
Operating status
Operating
Headcount range
101–250 employees
Ownership category
akta.pro rank

Gong Cha industry classification

Industry
Product category
Specialty Bubble Tea and Beverage Franchise
NAICS
Coffee and Tea Manufacturing (31192), Coffee and Tea Manufacturing (311920)
SIC
Beverages (2080)
akta.pro primary industry
Bubble Tea (Boba) Shops (THAFAKAC)
akta.pro secondary industries
Tea Rooms & Tea Cafes (THAFADAF), Tea (Leaf, Bagged, Instant, Concentrates) (CRADAHAE)

Keywords

  • Bubble tea beverages
  • Tea franchise
  • Specialty milk tea
  • Franchised beverage stores
  • Ready-to-drink tea

Where Gong Cha is headquartered

Location

Headquarters

HQ city
Jericho
HQ country
United States
HQ region
North America

Offices11 records

Markets served

Gong Cha business model

Business model
GTM type
B2C
Offering type
Services
Cost components
Supply Chain, Operations, Personnel, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

  1. Franchise Fees and Royalties: Gong Cha generates revenue through franchise fees and ongoing royalties from franchise operators. The company has been transitioning from master franchising to direct franchising model in the US, acquiring 170 existing locations and granting development rights to experienced multi-unit operators.
  2. Systemwide Store Sales: Revenue generated from franchisee store sales. The brand generates over $500 million in annual systemwide sales across its global footprint of approximately 2,200 stores.

Pricing tiers

ModelBillingPrice
Unit PricingPay-as-you-goTea-infused soups priced at $3 for limited time at participating US locations
Unit PricingPay-as-you-goBottled Jasmine Milk Tea at 188 yen (tax included) in Japan

Go-to-market motion2 records

Distribution channels6 records

Marketing channels5 records

Gong Cha product offering

Product offering

Core offering

Gong Cha is a global bubble tea franchise that sells freshly prepared premium tea beverages, milk teas, fruit teas, and specialty drinks through nearly 2,200 company-owned and franchised retail stores across 33+ markets. The company controls its supply chain from owned tea farms in Taiwan, Vietnam, and Sri Lanka and supports franchisees with proprietary beverage automation technology, self-order kiosks, and a mobile ordering and loyalty platform.

Product overview

Gong Cha is a global bubble tea franchise offering a portfolio of freshly prepared premium tea and bubble tea beverages. The core product lineup includes signature milk teas (Black Milk Tea with Pearl, Brown Sugar Milk with Pearls, Taro Milk Tea with Pearls), fruit teas (QQ Passionfruit Green Tea), and specialty drinks (Matcha Strawberry Milk Tea), with seasonal offerings like Pumpkin Spice Milk Tea. The company has expanded into adjacent categories including tea-infused soups and retail bottled beverages (Jasmine Milk Tea in partnership with Kirin Beverage). Technology offerings include the Gong Cha 2.0 platform featuring Super Wu automated beverage technology and self-order kiosks, supported by a mobile app for ordering and loyalty rewards. Gong Cha operates nearly 2,200 locations across 33 markets globally.

Differentiator

Problem solved

Functional benefit

Products and services

  • Black Milk Tea with Pearl Rich and creamy black tea blended with milk for a smooth milk tea experience served with chewy tapioca pearls; sold to consumers at Gong Cha retail stores.
  • QQ Passionfruit Green Tea Green tea infused with passionfruit flavor paired with chewy pearls and coconut jelly; part of the fruit tea series sold at Gong Cha stores.
  • Brown Sugar Milk with Pearls Smooth milk combined with the rich flavor of brown sugar and chewy pearls; caffeine-free milk tea beverage for consumers.
  • Taro Milk Tea with Pearls Creamy and smooth taro plant milk tea with tapioca pearls sold at Gong Cha stores.
  • Matcha Strawberry Milk Tea Matcha tea blended with sweet strawberry for a creamy and refreshing specialty milk tea sold to consumers.
  • Pumpkin Spice Milk Tea Seasonal fall milk tea featuring pumpkin spice flavor with tapioca pearls; limited-time consumer offering.
  • Jasmine Milk Tea (Bottled) Ready-to-drink bottled jasmine milk tea based on the in-store Jasmine Green Milk Tea recipe, manufactured and distributed by Kirin Beverage for retail sale at Seven-Eleven Japan.
  • Tea-Infused Soups Savory tea-infused soup category including Tom Yum Soup and Mushroom Truffle Soup, representing a beverage-to-food crossover expansion sold to consumers at participating US Gong Cha stores.
  • Gong Cha Mobile App Mobile application for iOS and Android enabling customers to customize drinks by ice, sweetness, and toppings, save favorite orders for fast reordering, and earn loyalty rewards with each purchase.
  • Gong Cha Franchise Program Franchise program granting multi-unit development rights to experienced foodservice operators to open and operate Gong Cha bubble tea stores under the brand system, with operational support, supply chain access, and the Gong Cha 2.0 store platform.

Companies that use Gong Cha

Customer profile

Named customers3 records

Segments2 records

Ideal customer profiles2 records

Gong Cha technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Integration1 record

AI capability1 record

Feature3 records

Gong Cha partnerships and signals

Strategic signal

Partnerships

Two partnerships are on record, tiered minor and core.

  • Kirin BeverageminorStrategic or Co-development Partner · 30 June 2026Partnership for bottled Jasmine Milk Tea product launch in Japan. Kirin Beverage manufactures and distributes the 400ml PET bottle product based on Gong Cha's popular in-store seasonal flavor, available exclusively at 7-Eleven stores.
  • SumUpcoreTechnology or Integration · 7 November 2025Exclusive partnership with SumUp to enhance digital operations across more than 400 stores in the Americas. Collaboration involves integrated platform streamlining POS, kiosks, mobile ordering, and loyalty programs.

Scale indicators10 records

Recent moves11 records

Expansion highlights6 records

Gong Cha competitors and assessment

Company assessment

Direct peers

  • Happy Lemon: Happy Lemon is a global bubble tea and specialty tea franchise with significant presence in Asia and the US. It competes with Gong Cha on franchise scale and signature flavored tea offerings.
  • The Alley: The Alley is a Taiwanese-origin bubble tea chain with strong US and Canadian presence, focused on premium tasting notes and signature drinks. It is a direct competitor to Gong Cha in the specialty bubble tea category.
  • Tiger Sugar: Tiger Sugar is a Taiwan-origin bubble tea brand built around signature brown sugar boba drinks, with global franchise expansion including a US presence. It competes directly with Gong Cha on premium positioning and signature beverage innovation.
  • Chatime: Chatime is a global Taiwanese-origin bubble tea franchise operating thousands of stores across Asia, the Americas, and other regions. It is the most direct global franchise competitor to Gong Cha with similar target consumers, product portfolio, and franchise-led GTM.
  • CoCo Bubble Tea (CoCo都可): CoCo is one of the largest global bubble tea chains with thousands of stores across Asia, North America, and Europe. It competes head-to-head with Gong Cha on menu, price point, and franchise scale.
  • Kung Fu Tea: Kung Fu Tea is a major US-based bubble tea franchise with hundreds of stores concentrated on the East Coast. It directly competes with Gong Cha's US expansion plan and targets the same Gen-Z/millennial consumer segment.
  • Lollicup (Lollicup Fresh): Lollicup is a US-based bubble tea and cafe franchise with hundreds of locations, also serving as a major boba supply distributor. It directly competes with Gong Cha on US bubble tea franchising and has overlap on supply chain and store operations.
  • Share Tea: Share Tea is a Taiwanese bubble tea franchise with global locations including US markets. It overlaps directly with Gong Cha on menu, franchise model, and target demographic.

Emerging players

  • Boba Guys: Boba Guys is a US-based premium bubble tea chain with strong West Coast brand recognition, founded on a craft tea sourcing ethos similar to Gong Cha's premium positioning. Comparable as an emerging direct competitor focused on the US market.

Broad incumbents

  • 85°C Bakery Cafe: 85°C is a Taiwan-origin bakery cafe chain offering tea, coffee, and baked goods with global locations including the US. It is a broader incumbent competitor in the cafe/beverage space where Gong Cha also operates, overlapping on tea and food menu offerings.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Gong Cha social profiles

Digital presence

Gong Cha financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Gong Cha leadership team

Management profile

Number of profiles

Profiles3 records

Gong Cha funding detail

Funding detail

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Gong Cha M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Gong Cha

What does Gong Cha do?

Gong Cha is a global bubble tea franchise that sells freshly prepared premium tea beverages, milk teas, fruit teas, and specialty drinks through nearly 2,200 company-owned and franchised retail stores across 33+ markets. The company controls its supply chain from owned tea farms in Taiwan, Vietnam, and Sri Lanka and supports franchisees with proprietary beverage automation technology, self-order kiosks, and a mobile ordering and loyalty platform.

Is Gong Cha a public or private company?

Gong Cha is a private company. It is classified as private equity controlled and is currently operating.

When was Gong Cha founded?

Gong Cha was founded in 2006. It employs 101 to 250 people.

Where is Gong Cha based?

Gong Cha is headquartered in Jericho, United States, in the North America region.

How does Gong Cha make money?

Two revenue lines are on record. Franchise Fees and Royalties are the primary driver. The others are systemwide Store Sales.

Who are Gong Cha's main competitors?

Direct peers on record are Happy Lemon, The Alley, Tiger Sugar, Chatime, CoCo Bubble Tea (CoCo都可), Kung Fu Tea, Lollicup (Lollicup Fresh) and Share Tea. Boba Guys is listed as an emerging player. 85°C Bakery Cafe is listed as a broad incumbent.

Does Gong Cha have an API?

No public API is recorded for Gong Cha.

What industry is Gong Cha in?

Gong Cha's product category is Specialty Bubble Tea and Beverage Franchise. Its primary akta.pro industry code is THAFAKAC, Bubble Tea (Boba) Shops, with a secondary code of THAFADAF, Tea Rooms & Tea Cafes. Its NAICS code is 31192 and its SIC code is 2080.

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Live signals
QsrmagazineGong cha Introduces New Horchata LineupGong cha will launch three limited-time horchata drinks on October 13 at participating U.S. stores. The menu includes Horchata Milk Tea, Coffee Bobaccino, and Tea Bobaccino, all featuring cinnamon-forward horchata flavor with boba pearls and milk foam. The drinks are available while supplies last.PR NewswireGong cha Rises to No. 129 on Franchise Times' Top 400 With Sales Growth Double the List's PaceGong cha ranked No. 129 on Franchise Times' Top 400, up five spots from 2025. Its global sales rose 8.8% in 2025, more than double the list's 4.3% growth. The brand aims to exceed 500 stores in the Americas by 2028.QsrmagazineGong cha’s New Growth Model Lands at UCSF and UC BerkeleyGong cha, the bubble tea brand, partnered with Ladle & Leaf at UCSF and UC Berkeley to serve its beverages alongside the restaurant's menu. The Proud to Serve model lets operators add Gong cha drinks to existing venues, and the brand aims to surpass 500 locations across the Americas by 2028.Third NewsGong cha Elevates Bubble Tea Experience at UCSF and UC Berkeley Through New PartnershipGong cha expanded to UCSF and UC Berkeley through its Proud to Serve model, partnering with Ladle Leaf to offer customizable bubble teas. The brand, with nearly 2,200 locations across 33 countries, plans to operate over 500 locations in the Americas by 2028.PR NewswireGong cha Expands University Presence at UCSF and UC Berkeley Through the Proud to Serve ModelGong cha is expanding its nontraditional presence through a Proud to Serve partnership with Ladle & Leaf at UCSF and UC Berkeley, adding freshly brewed teas to existing venues. The partnership aims to create a scalable pathway for growth across campuses, hospitals, and other high-traffic destinations. Gong cha is on track to exceed 500 stores in the Americas by 2028.Third NewsGong cha Celebrates Two Decades of Sweet Success with Exciting Month-Long FestivitiesGong cha is celebrating its 20th anniversary with a month-long event from September 6 to 15, featuring a limited-edition Birthday Drink and a free Birthday Boba Bottle for orders on September 15. The brand, which opened its first store in Taiwan in 2006, now operates nearly 2,200 locations worldwide.PR NewswireGong cha Turns 20 with a Month Long Birthday CelebrationGong cha is celebrating its 20th anniversary with a free Birthday Boba Bottle for guests who order the Birthday Drink on Sept. 15 at participating U.S. locations. The drink is available only from Sept. 6 through Sept. 15, and the bottle is produced in limited quantities. Three winners will also receive a free party at a store.Nation's Restaurant NewsGong cha acquires master franchise rights to 170 U.S. storesGong cha acquired rights to 170 U.S. stores from a master franchisee, covering 13 states including New York, Texas, and Florida. The move supports its goal of 1,000 U.S. locations, with the Southeast accounting for nearly 30% of U.S. franchised businesses.QsrmagazineGong cha Opens First Airport Location Phoenix Sky Harbor International AirportGong cha, the bubble tea chain with nearly 2,200 locations in 33 markets, plans its first U.S. airport store at Phoenix Sky Harbor International Airport, opening by the end of 2026 in partnership with Kind Hospitality. The 150-600 square foot format uses Gong cha 2.0 automation, producing drinks in under a minute with one to two employees. The brand is seeking additional concessionaire partners nationwide.Pulse 2.0Partners Group Exits Gong cha Credit And Equity Investment As Chain Expands To Nearly 2,200 StoresPartners Group has agreed to exit its private credit and minority equity investments in Gong cha following TA Associates' sale of the tea chain to Bain Capital. The firm originally provided over $200 million as sole lender and invested in equity, with Gong cha growing from roughly 1,000 stores to nearly 2,200 and 17 to 33 markets. Partners Group manages more than $186 billion globally.