The acquisition comes as Gong cha, after retreating from the Chinese mainland, seeks growth in overseas markets while facing intensifying competition from rapidly expanding rivals

Aug 6 : Bain Capital said on Thursday it will acquire bubble tea chain Gong cha from TA Associates and other shareholders, extending the U.S. private equity firm's push into food…

The transaction is expected to close in the fourth quarter of 2026. Read more at straitstimes.com. Read more at straitstimes.com.