IDG leads $50m round for Chinese hot pot ingredients supplier
IDG Capital has led a $50 million Series B round for Guoquan, a Chinese hot pot ingredients supplier. Other investors include VKC Partners and Buhuo Ventures.
While HaiDiLao is China’s leading hotpot restaurant chain, Guoquan aims to become the dominant force in the “hotpot at home” market. Founded in 2017, it initially provided hot pot ingredients to...
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