Xibei Series A financing: New Rongji boss, former Ant Group CEO Hu Xiaoming and others invest
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Inner Mongolia Xibei Catering Group Co., Ltd. has completed its Series A financing, with investors including Taizhou Xinrongtai Investment Co., Ltd., owned by Daniel Zhang, and Hohhot Collective Co-Creation Enterprise Management Center, among others. The registered capital has increased to 101.680175 million yuan, and the shareholding ratio of founder Jia Guolong and some shareholders has decreased to approximately 26.16%. Hu Xiaoming, who participated in the financing, previously served as CEO of Ant Group. Investment carries risks and should be approached with caution
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