Benwei Xianwu, a Chinese brand of low-temperature meat products, has recently completed A-round financing totaling tens of millions of yuan.
After launching an in-house tea brand called "Taoyuan Yuye" last year, TikTok owner ByteDance now plans to team up for a new food and beverage business.
Honeymoon Dessert and Tea Buds, two Chinese food and beverage brands, have recently merged. The parent company of Honeymoon Dessert also announced the completion of a new round of strategic financing.
Exway, an electric skateboard brand, has completed round-A financing of 40 million yuan ($6.28 million). The investor in this round of financing is Sequoia China Seed Fund.
Digital consumer brands company Dongfang Honghu on Wednesday announced its completion of an A round of financing worth tens of millions of dollars, exclusively led by Source Code Capital.
On Tuesday, WeChat, Tencent's social app, released a report for the Spring Festival holiday in 2022 (from January 31 to February 5). The report shows some new consumption and usage habits of the Chinese people.
During the 2022 Spring Festival holiday, citizens in 12 locations piloting the new digital RMB were able to experience for the first time the convenience and ease of use the new form of currency offers.
Dingdong Maicai, a leading fresh food e-commerce platform in China, showed that the sales volume of high-end ready-made meals on the platform increased over 3 times year-on-year during the Spring Festival.
HARMAY, a Chinese new retail brand specializing in cosmetics, announced its completion of a C round and D round of financing totaling $200 million.
On January 14th, Chinese beverage company Genki Forest released their Insight Report on Bubble Water Consumption in 2021 by analyzing the sales data of its Tmall store in the first 11 months of 2021.
Zhenwei Xiaomeiyuan, a new Chinese 3R dishes brand, has recently completed a B+ round of financing, with Baidu Ventures as its leading investor and Dingxiang Capital and 01VC as co-investors.
Dingdong Maicai, a fresh food supply chain enterprise, recently released its "2021 Consumption Trend Report". The report shows the living conditions of young people today and the possible consumption trends for the coming year.
On Friday, the new dairy brand Adopt A Cow announced its completion of a round B of financing, which was led by Meituan Dragonball.
Nowwa Coffee, a Chinese coffee chain, announced that it has completed two rounds of financing, namely, a B round and a B+ round, with a cumulative amount of 200 million yuan ($31.51 million) raised.
Ant Group's Huabei announced on Wednesday that Huabei will become an exclusive consumer-lending brand under the name Chongqing Ant Consumer Finance.