According to news reports, on July 13, Xi Cha has closed its first round of funding of $500 million.

This was reported in the media back in June, which said that Xicha was about to complete its first round of financing, and that the company's valuation had reached 60 billion yuan, setting a new record for financing valuation in China's beverage industry.

The capital behind Xi tea is huge, famous investors in China are the capital behind Xi tea, Tencent, Black Ant, Catterton, Sequoia, Temasek and so on are the shareholders of Xi tea, the power behind is huge.

With hi tea competition Naixue's tea in Hong Kong on June 30 this year, but then the share price fell directly below 13.5%, Naixue's tea has since been a great impact, while hi tea is exactly to play in this time period financing, time set a slightly deep meaning, to be able to obtain a greater interest.

At present, the community has many speculations about the listing time of the hi tea, repeatedly rumored the listing news. Subsequently, they were all denied by the Xi-tea official, saying that the news is fake news.

Recently, the founder of Xi-tea officially responded to the rumors to the public, saying: "There is no plan to list Xi-tea this year. There are no plans to list the company this year.

Hi Tea was founded in Guangdong in 2012, and its predecessor was? Royal Tea? , in 2016, the brand name was changed from ? Royal Tea? to the current ? Xi-Tea? Then it set off a wave of milk tea trend in the country, and soon became the public's favorite brand, in the 2020 annual report released by Xi-Tea, in the global Xi-Tea has 695 large and small stores, and also launched in 2020 under the banner of the sub-brands, Xi-Tea's business is booming.

Hi tea as a domestic tea catering products enterprises, to ? A cup of tea, inspire an inspiration? As the corporate concept of Xi-tea, young people are the mainstream consumer groups of the enterprise, Xi-tea will be the traditional milk tea and healthy tea culture blend of the two, to create a new era of new beverage forms, leading the trend.