Mainland tea drink chain Cha Bai Dao is expected to list in Hong Kong this month at the earliest, and is currently conducting a roadshow, according to a mainland media report. The company aims to raise US$300 million, and CICC (03908.HK) +0.260 (+1.949%) Short selling $2.49M; Ratio 5.878% is its sole sponsor.Another mainland tea drink chain, Chagee, plans to list in the US in the middle of this year, raising up to US$300 million, with Bank of America and Citi in charge of the listing, according to the report. Related NewsGuotai Junan Int'l: US Tariff Shock Indicates Southbound Funds' 'Trend-Defying Moves' w/ Style Shifting Toward Tech GrowthAccording to Chagee's official website, the chain was established in 2017. Apart from the domestic market, the company expanded its overseas business in recent years, opening 100 outlets in Malaysia, Thailand and Singapore, with a total of more than 4,000 outlets. Chagee's signature jasmine green milk tea product, styled as "Boya Juexian" (伯牙絕弦), sells more than 100 million cups a year on average.(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-05-02 12:25.)