Green Tea Group Limited successfully launched its IPO on the Hong Kong Stock Exchange, indicating significant growth potential in China's casual dining market.

Target Information

Green Tea Group Limited, established in 2008, is a prominent casual dining brand in China recognized for its fusion cuisine served in a traditional dining setting. The company has expanded significantly since opening its first restaurant in Hangzhou, now operating over 490 outlets across 140 cities. With its dedicated team of more than 12,500 employees, Green Tea serves approximately 68 million customers annually, making it a leader in the competitive dining landscape.

Under the guidance of Partners Group, Green Tea has experienced remarkable growth, witnessing its restaurant count increase eight-fold since the firm acquired a significant minority stake in 2017. The company's strategic focus on affordability has allowed it to maintain an average customer spend of around RMB 56, thus positioning itself favorably to capture growth opportunities in China's expanding market.

Industry Overview

The casual dining industry in China has shown robust growth in recent years, driven by increased disposable incomes and consumer preferences shifting towards dining out. As of 2025, the sector is ripe with opportunities, particularly in urban areas wh