Revenue of Baicha Baidao (Chabaidao) in China 2020-2022
In 2022, China's new-style tea company BaiCha BaiDao(also known as Chabaidao/ ChaPanda) recorded a revenue of around 4.23 billion yuan, showing a rapid increase in the past year. As of 2023, Chabaidao had more than 7,000 beverage retail outlets across China.