Chinese coffee chain M Stand has reportedly raised lots of of thousands and thousands of yuan in its Series B+ financing, with way of life platform Xiaohongshu main the funding spherical. This funding comes practically two years after the corporate closed its B spherical financing. M Stand’s earlier institutional buyers embrace CMC Capital, GenBridge Capital, and BA Capital. The newest funding will allow the home-grown model to develop its operations even additional. Since opening its first retailer in Shanghai in 2017, M Stand has grown to function 356 shops throughout 28 cities nationwide as of May 31. [FoodTalks, in Chinese]
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