Zhengbang Group

Exclusive Interview with Song Xiangqian, Founding Partner and Chairman of Harvest Capital

Harvest Capital invests in key fast-growing sectors dominated by large-sized players. Its portfolio includes snack giants Qiaqia Food (002557) (Chinese: 洽洽食品) and LYFEN (Chinese: 来伊份), energy drink startup Eastroc Beverage (605499) (Chinese: 东鹏饮料), Chinese fast-food chain Home Original Chicken (Chinese: 老乡鸡), top on-demand local delivery and retail platform Meituan Dianping (03690) (Chinese: 美团点评) and Chinese ride-sharing behemoth Didi (DIDI: NYSE) (Chinese: 滴滴出行).

Luckin Coffee Reached its First Time of Gaining Positive Profit Since its Establishment

Luckin Coffee’s Q1 2022 financial report showed a good sign of the company’s development. Its growth in the stores opening marked the company’s position in China’s Coffee market.

China’s Leading Tea Brand Nayuki Closed its Fantasy Factory Within Two Years

On May 20, Chinese bubble tea chain Nayuki (奈雪的茶) announced that its only Shenzhen-based Fantasy Factory (奈雪梦工厂) recently closed after establishing for two years.

RLX Technology’s Net Profit Fell by 41.1% YoY

Government regulations and COVID-19 were restricting RLX Technology’s development.

Faux Meat Gobbling Up the Food Market - Run out of the Steam or Future Looking?

From mush to meat, edible alternatives are ripping the protein industry apart from traditional livestock feeding and animal byproducts. Commercially manufactured and processed plant-based meat alternatives are created to mimic the texture and taste of real meat with some of the heavyweights like Beyond Meat and Impossible Food around the world. Developing from non-animal sources, plant-based meat alternatives open a new door in the nation of gourmets China.