# Tangshangtang

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/tangshangtang

- Industry: Retail
- Headquarters: Hefei, China
- Latest round: Angel (Dec 4, 2023)
- Investors on record: 1

## About

Founded in 2022 and based in Hefei, China, Tangshangtang is a steamed buns chain brand that emphasizes fresh production with buns sold within two hours of steaming and initially expanded through directly operated stores in Hefei. In July 2025, the company closed a pre-series A round of funding from new investor Xinping Capital and returning investor Fanqie Capital.

The company offers nine SKUs of steamed buns including pork, stir-fried yellow beef, bean paste, pickled vegetables with diced bamboo shoots, and leek with egg, prices range from CNY 3.5 to 6 per bun, with three store formats: large dine-in stores, small dine-in outlets with a larger open kitchen area and pure takeaway counters without seating.

The company generates revenue through direct in-store sales of and is expanding into partnership-based operations.

Tangshangtang plans to scale its operations through a joint-operation partner model while maintaining product quality control. A new supply chain factory in Hefei has been completed, expanding production capacity to support up to 200 stores.

## Funding rounds

- Angel, Dec 4, 2023 — Fanqie Capital

## Investors

- Fanqie Capital (https://capitalatlas.ai/funds/fanqie-capital) — Angel