Tea startup HEYTEA with CNY 60B valuation
HEYTEA is close to closing a new round of financing with an estimated value of CNY 60B. "The battle for the shares is very fierce, and none of the new shareholders can squeeze in." revealed an investor close to HEYTEA's inner workings. Meanwhile, HEYTEA has opened more than 800 stores in more than 60 cities around the world. The valuation at the beginning of 2020 was CNY 16B. This also means that in a short time, the valuation of HEYTEA has increased by CNY 40B.
This briefing is contributed by and first appeared on CIMK.
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