Exclusive: China's Shangri-La Beer raising $31.6m Series B to accelerate growth

Exclusive: China's Shangri-La Beer raising $31.6m Series B to accelerate growth

Songtsen "Sonny" Gyalzur, founder, Shangri-La Beer

Shangri-la Highland Craft Brewery, China’s first fully licensed craft brewery, is raising RMB 200 million ($31.6 million) in a Series B round for local and international expansion.

“We are in talks with a China-based private equity firm and hope to close the deal soon,” the company’s founder and chairman Songtsen “Sonny” Gyalzur confirmed to DEALSTREETASIA.

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