The owner of Pot Circle Food Hub is Yang Mingchao.

It is understood that Yang Mingchao is the founder of Wok Circle Food, and it is from this business that he derives much of his wealth. According to the company's official website, Pot Circle Food Hub is the star brand of Pot Circle Food (Shanghai) Co., Ltd (a sino-foreign joint venture), which is a well-known chain of supermarkets of ingredients in China. After six years of development, Pot Circle has been upgraded to a well-known enterprise of digital retailing of community catering.

Pot circle food sink is hot pot grill ingredients supermarket brand, is hot pot grill ingredients community retail model. Pot circle food sink to hot pot, barbecue ingredients, covering leisure snacks, fresh food, net food, diet, snacks and other commodities of the convenience store chain system. B2B, B2C operation mode of Internet + ingredients, offline stores and online mall in parallel. Pot circle food sink for the majority of small and medium-sized catering enterprises to provide B-end supply of ingredients, but also serve the home, urgent, busy, lazy, old consumers.

Development of Pot Circle Food Hub

In 2017, the brand of Pot Circle Food Hub was established, and in August 2019, Pot Circle Food Hub obtained A round of financing from Bu Bu Bu Venture Capital.In October 2019, Pot Circle was invested by Sanquan Foods Corporation in the A+ round, and Bu Bu Bu Venture Capital continued to follow up with the investment.In July 2020, Pot Circle announced the completion of the C round of Financing, this round is led by Qicheng Capital, the old shareholders all over follow up, light source capital as the exclusive financial advisor of this round of financing.

In March 2021, Wok Circle Supply Chain (Shanghai) Co., Ltd. has completed its Series D financing led by China Merchants Bank International and Tiantu Capital, with the old shareholders' over-limit follow-through. Wok Circle will build upstream barriers to enter the third to sixth tier consumer market, continue to plow the supply chain to do a good job of industrial synergy, and become the closest to the majority of consumers living in the community of the new family ingredients supermarket, adhering to the values of good food and not too expensive, and become a leading brand of family ingredients supermarket.

Reference: Baidu Encyclopedia-Pot Circle Food Hub