Shuhai Supply Chain ("Shuhai") announced that it has recently completed its Series B financing. This financing was led by Shuhai's existing shareholder, CR Consumer Products Fund, BOC Investment, and China Agricultural Reclamation Industry Development Fund. Additionally, Shuhai's existing shareholder, Legend Capital, continued to make additional investments.
The new round of financing will focus on Shuhai's digital and intelligent upgrades to enable Shuhai to continuously improve its food supply chain. Shuhai will then be able to make a greater contribution to the development of China's catering industry by facilitating the profound integration of supply chain with technology.
Working together to create a better life
Mr. Wang Xin, General Manager of CR Consumer Products Fund, said that Shuhai has achieved rapid business development in recent years. It has developed a comprehensive service capability covering the full range of categories, scenarios, and supply chain links. Shuhai has become a leading enterprise in the catering supply chain. Shuhai has demonstrated its solid basic business skills and its ability to handle emergencies, especially in supply support for large events and epidemic control. It has successfully accomplished various supply support tasks and fulfilled its social responsibility as an industry leader. CR Consumer Products Fund expects Shuhai to drive the development of China's catering industry together with catering companies. They will provide safe, healthy, and reliable catering services to all Chinese consumers with the highest standards, the strictest requirements, and the greatest service.
Mr. Gong Li, General Manager of Shuhai Supply Chain, stated that the food supply chain requires long-term efforts. All the capabilities required in the supply chain must be continuously iterated and optimized. Shuhai Supply Chain always pursues long-term value and stays true to its founding mission. It sticks to its development positioning and is determined to develop in synergy with all its industrial chain partners. Shuhai will further accumulate experience in food supply, product R&D and innovation, food safety control, warehousing, cold chain logistics, and digital and intelligent supply chain. This will allow Shuhai to develop better overall service solutions for more chain catering, retail and group catering customers, thus sharing resources, creating value and sharing the future with them.
