Best Chinese Tea Brands of 2026
Chinese tea-brand pillar: FY2025 store and revenue tables for listed mainland chains; logos from TierMaker.

Main table: FY2025 year-end stores
Compiled on 2026-08-11. Mixue Group ~60,000 stores globally (net +~13,000, incl. Mixue / Lucky Cup / beer sub-brands). Guming 13,554. Auntie Shanghai 11,449. ChaPanda 8,621. CHAGEE 7,453 (7,108 mainland + 345 overseas). Nayuki 1,646 (net −152).
| # | Brand | FY2025 stores |
|---|---|---|
| 1 | Mixue Group | ~60,000 |
| 2 | Guming | 13,554 |
| 3 | Auntie Shanghai | 11,449 |
| 4 | ChaPanda | 8,621 |
| 5 | CHAGEE | 7,453 |
| 6 | Nayuki | 1,646 |
FY2025 revenue
Mixue RMB 33.56B (+35.2%); Guming 12.91B (+46.9%); CHAGEE ~12.91B (+~4%); ChaPanda 5.4B (+9.7%); Auntie 4.47B (+36%); Nayuki 4.33B (only decline among the six).
| # | Brand | FY2025 revenue | YoY |
|---|---|---|---|
| 1 | Mixue Group | RMB 33.56B | +35.2% |
| 2 | Guming | RMB 12.91B | +46.9% |
| 3 | CHAGEE | ~RMB 12.91B | ~+4% |
| 4 | ChaPanda | RMB 5.4B | +9.7% |
| 5 | Auntie Shanghai | RMB 4.47B | +36% |
| 6 | Nayuki | RMB 4.33B | down |
How this ranking is put together
Main tables: 2025 annual-report store counts and revenue for six listed Chinese tea brands. Updates: Auntie Shanghai 1H26 stores; Red Meal / Narrow Door industry footprints. Complements our coffee chains post. Logos from TierMaker “China/Taiwan/Hong Kong Boba”.
| Source | Date | What it tracks |
|---|---|---|
| 21jingji · six brands’ 2025 results | FY2025 | Stores, revenue, profit |
| 10jqka / Caiwen | Same filings | Store splits; overseas; Lucky Cup |
| Economic Information Daily | As of 2026-06-30 | Auntie Shanghai H1 stores |
| Red Meal · Tea Report 2026 | Dec 2025 / Jan 2026 | National store count and market size |
| CNFIN (Narrow Door) | As of 2026-07-13 | Mainland milk-tea store total |
| TierMaker | Synced | Logo tiles |
1H26 update
Auntie Shanghai ended 30 Jun 2026 with 13,155 stores; H1 revenue RMB 2.589B (+42.4%). Red Meal: 449,000 tea shops nationwide at end-2025. Narrow Door: >372,000 mainland milk-tea shops as of 13 Jul 2026.
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