Over the years, IDG Capital has continued to accompany the growth of Guoquan Food (Shanghai) Co., Ltd. Not long ago, the pot ring was listed on the Hong Kong Stock Exchange with an issue price of 5HK$98. It is worth mentioning that the pot ring was actively traded on the first trading day, with the highest stock price of 6. per share on the whole dayHK$22, with a turnover of 2674HK$110,000, with a total market capitalization of 163HK$7.8 billion.
The capital market can provide direct financing channels for more new growth enterprises, so that the development of enterprises can enter the fast lane and run out of "acceleration". So, why can the "pot ring" be supported by well-known capital?Some people said that this is because the pot ring is in a high-frequency, just-needed track, with China's strong first-class chain advantage and huge market scale advantage, adhere to product innovation in the big scene of eating at home.
It is understood that Guoquan was established in 2015 and is a leading one-stop eat-at-home food product brand in China. As of October 11 this year, Guoquan has built a retail terminal network formed by 10,025 brand stores, covering hot pot, barbecue ingredients, beverages, one-person food, ready-to-cook**, fresh food, Western food and snacks and other categories to meet the various home needs of the community.
Capital and enterprises have always been a win-win relationship of cooperation, capital is looking for good enterprises, and enterprises are looking for good capital. IDG Capital said that Guoquan has achieved standardized sales of products through standard community chain stores. And the founder has many years of successful chain related experience, has a very strong execution, a few years to the pot ring from dozens of stores to 10,000 stores, we also look forward to seeing the greater development potential of the pot ring in the future.
Enterprises that can really stand tall are the leaders of "taking precautions", and reserve enough cash to survive the "winter" in order to better walk on the "broad road". In the future, IDG Capital hopes to become long-term partners with more outstanding startups and accompany their growth.