Perfect Diary

China Craft Beer Market Booming: Players in and Massive Growth Ahead

Beer lovers across the country are now beginning to explore new favorites like craft beers, creating new opportunities for domestic as well as foreign companies. In this article, we look at the characteristics, evolution, and future projections of China's craft beer market.

Chinese E-commerce Firm JD.com’s Revenue in Q1 2023 Exceeds CNY 243 Bn, Up 1.4% YoY

On May 11, 2023, JD.com released its first 2023 quarterly report, indicating revenue of CNY 243 billion and operating profit of CNY 6.4 billion.

TikTok service provider DidaDog raises CNY tens of Mn in Pre-A round financing

On April 20, TikTok e-commerce data service platform DidaDog announced the completion of CNY tens of million yuan in Pre-A round financing.

Baseus Completes Series A Funding of CNY Hundreds of Mn

On April 20, Baseus(Chinese:倍思科技), a new digital lifestyle brand under Shenzhen-based company Baseus Technology, announced the completion of series A financing round of CNY several hundred millions. The funds will be used for product research and development, establishing offline markets, constructing supply chains, building factories, and promoting the brand overseas.

Ebike parts supplier Okawa Motor completed RMB 121 million series A financing

Ebike core components brand "Okawa" recently completed RMB 121 million Series A financing, led by Xianghe Capital, followed by RuRi Ventures, Decent Capital, Glacier Capital China, WanWu for Ventures, Tsinghua Capital, etc. Glacier Capital China is also the exclusive long-term strategic financial advisor. This round of financing will be used for new product development, brand marketing and after-sales service network development.