China’s Yonghui Superstores’ fresh food unit raises $153m from CICC, Tencent, others

China’s Yonghui Superstores’ fresh food unit raises $153m from CICC, Tencent, others

Photo: Leonie Wise/Unsplash

Yonghui Fresh Food, the fresh produce-based business-to-business (B2B) platform of Chinese leading supermarket group Yonghui Superstores, has secured a corpus of 1 billion yuan ($153 million) in a strategic investment jointly led by Chinese tech giant Tencent and CICC Capital’s sub-fund CICC Qizhi, per a company filing with the Stock Exchange of Shanghai on Friday.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter