Xicha, a brand founded by Shenzhen Meixixi Catering Management Co., Ltd., is headquartered in Shenzhen, Guangdong. 20 12 Xicha originated from an alley called Jiangbianli in Jiangmen, Guangdong. Xicha, formerly known as Yucha, was upgraded to the registered brand "Xicha HEYTEA" on 2065438+February 26th, 2006 because its trademark could not be registered. By the end of June 2022, 5438+ 10, Xicha had opened more than 800 stores in nearly 70 cities around the world. Among them, the number of stores in Shanghai and Shenzhen has exceeded 100. In 20 16, Xicha was invested by IDG Capital and angel investor He Boquan 1 100 million yuan; In July, 20021,Xicha completed the A round of financing of 500 million US dollars, breaking the financing record of China tea industry, with a valuation of 60 billion yuan.