The Financing Trend Of Catering Industry Is Rising

Ji Xiang Wonton completes strategic funding round of nearly $100 million

Recently, Lucky Wonton announced the completion of a strategic funding round of nearly 100 million RMB from Tomato Capital, a restaurant vertical. To date, Ji Xiang Wonton has 2,096 shops in 167 cities across China.

Zhang Biao, founder and chairman of Ji Xiang Wonton, said that Ji Xiang Wonton is strengthening its supply chain and plans to build two central kitchens to create the ultimate supply chain that is efficient, cost-advantaged and flexible enough.

Hei Tea raises prices, with products in mainstream shops below RMB30 across the board

On 24 February, Xi Cha announced the completion of a comprehensive product price hike carried out since January this year, with no new products above RMB29 being launched this year and a commitment to never increase the price of existing products this year.

After the price adjustment, in addition to individual city limited products, peripheral, as well as LAB shops, hand-made shops a small number of products, the price of products in mainstream shops of Xi Cha has been lower than 30 yuan, and the price of 15-25 yuan products have accounted for more than 60% of all products of Xi Cha.

Blue Bottle Coffee opens its first Mainland shop in Shanghai

On 25 February, Blue Bottle Coffee opened its first shop in mainland China, Shanghai Yutong, which is also the 102nd shop opened by Blue Bottle Coffee in the world. The opening of the offline shop coincided with the launch of the official Blue Bottle Coffee WeChat Mall, which sells coffee beans and peripheral products.

Hard discount chain Aotearoa completes Series A financing of nearly RMB 100 million

Recently, the hard discount chain brand Aotle completed a Series A financing round of nearly RMB 100 million led by Innovation Works and followed by Boundless Capital, which is the third round of financing completed by Aotle more than half a year after its establishment.

This round of financing will be mainly used for shop expansion and supply chain building. It is reported that Aotearoa currently has 30 shops.