
Dongfang Honghu Receives Financing from ByteDance
Dongfang Honghu recently completed an angel round financing of over 100 million yuan ($15.69 million), led by ByteDance.
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Dongfang Honghu recently completed an angel round financing of over 100 million yuan ($15.69 million), led by ByteDance.
It was reported that Genki Forest "is nearing completion of a new round of financing, with a target valuation of $14-15 billion, which is more than doubled compared with the previous round of $6 billion."
On Wednesday afternoon, emerging beverage brand Genki Forest, saw the retail price of its products sold online for less than what it costs the company to produce the beverages.
Chinese beverage company Genki Forest has been undergoing extensive adjustments to its organizational structure recently.
On Friday, the Hurun Research Institute released its Under 40s China Rich List 2021. The list consists of entrepreneurs under 40 years of age who had started from scratch and built their wealth.
Chinese beverage brand Genki Forest announced on February 25 that its sixth self-built factory will be established in Taicang, Jiangsu Province, covering an area of 120 mu (19.8 acres).
On Friday, Li Guoxun, Vice President of sparkling water brand Genki Forest, talked about the company's recent business operations, marking the first time that the brand disclosed performance data to the public.
Tang and his entrepreneurial story may someday become a classic case study taught in business schools. Whether about success or failure, it is certain to be extremely exciting.
Genki Forest is about to complete a new round of financing worth nearly $200 million, making its market valuation reach $15 billion.
News emerged on Thursday that Liu Zhen, who has in charge of Genki Forest's overseas business, had left the company in early March. Genki Forest has confirmed that the news is true.
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.
Chinese low-calorie beverage brand Genki Forest is expecting to slow down its growth in 2022 after several years of high speed development.