Technology Jul 12, 2021 01:29 AM (GMT+8) · EqualOcean
Hefu Noodle has completed the E-round funding of nearly CNY 800M and plans to reach 450 stores by the end of the year. This round of financing will mainly be used for the detailed design of the entire industry chain system, new brand building, channel building, and digital capacity building. This is another funding round that Hefu Noodle has closed less than a year later. Hefu Noodle's last two funding rounds totaled CNY 1.3B. Starting from Chinese-style noodles, Hefu Noodle has gradually developed national markets in East China, North China, Central China, and South China since opening its first store in Shanghai in 2013. The main type of store can be found in high-end shopping centers in first and second-tier cities. By the end of June 2021, there were more than 340 stores of Hefu Noodle

Source: CIMK

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