Chinese tea shop chain HeyTea has completed a RMB400 million (US$63.3 million) series B funding round, led by Longzhu Capital, a venture capital firm under Chinese group buying and delivery website Meituan-Dianping. In 2017, HeyTea received a RMB100 million (US$15.8 million) series A round from IDG Capital and angel investor He Boquan. First opened in an alleyway in Guangzhou province, China, in 2012, HeyTea specializes in cheese-topped tea and fruit tea. “Tea culture has a long history in China already, but …

Meituan-Dianping Invests $63.3M In Cheese Tea Chain HeyTea appeared first on China Money Network.


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