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Capital, Earnings & M&A

Zhong Xue Gao Completes 200 Million RMB Series A Financing: Will It Reach Its Ideal Kingdom This Summer?

On May 18, it was reported that the ice cream brand Zhong Xue Gao completed a 200 million RMB Series A financing round, with investors including Yuansheng Capital (lead), H Capital, Wanwu Capital, and Tian Tu Investment. Previously, Zhong Xue Gao had received angel financing from ZhenFund and FreeS Fund in 2018, and Pre-A financing from Tian Tu Capital and Toutou Shidao. In this round, Yuansheng Capital, founded in 2015, is a growth-stage internet investment fund initiated by former Tencent Vice President and General Manager of Tencent Investment & M&A Department Peng Zhijian and former Deputy General Manager Xu Liang, aiming to support new-generation internet innovation companies by providing key support at critical junctures.

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