Jan 20, 2023 11:11 AM (GMT+8) · EqualOcean
Lu Xi He (Chinese: 泸溪河) secured CNY 100s of millions in a Series A round led by Jiangsu Bailian Confitop Venture Capital Management (Chinese: 百联挚高资本) and Cypress Capital (Chinese: 龙柏资本). Proceeds from the round will be put into supply chain management and digitalization. Founded in Nanjing in 2013, Lu Xi He (Chinese: 泸溪河) is a bakery chain making Chinese pastries. It has over 360 directly operated stores nationwide. Jiangsu Bailian Confitop Venture Capital Management stated that it will leverage abundant retail resources to assist Lu Xi He in expanding offline channels and growing into a leading bakery brand.

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