# Zhengzhou Guoquanshihui Network Technology

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/zhengzhou-guoquanshihui-network-technology

- Industry: Food
- Headquarters: Shanghai, China
- Website: www.zzgqsh.com
- Total disclosed funding: $423M
- Latest round: Series D (Aug 15, 2021)
- Investors on record: 10

## About

Based in Shanghai, China, and established in 2015, Zhengzhou Guoquanshihui Network Technology operates as a food provider that focuses on providing food of hot pots and barbecues for consumers and restaurants. It operates online stores and offline physical convenience stores. In October 2018, the company launched the online stores. At present, the company has more than 9,000 stores, 3 production bases, and 4 food ingredient research and development centers. In November 2023, Guoquanshihui raised HKD 221.3 million in pre-IPO funding and was listed on the Hong Kong Stock Exchange.

The company's main business is sales of Hot pot and barbecue food. Guoquanshihui  provides products such as frozen food, fresh food, drinks, hot pot utensils, and barbecue utensils for customers. The company's hot pot and barbecue ingredients supermarkets provide food supply and delivery services for customers.

The company's revenue and net income for 2022 were CNY 7.17 billion and CNY 240.98 million, respectively.

## Funding rounds

- Series D, Aug 15, 2021 — Moutai(Guizhou) Investment Management, Wumart United Capital
- Series D, Mar 16, 2021, $300M — IDG Capital, Tiantu Capital, Vision Knight Capital, CMB International Asset Management, GenBridge Capital, Buhuo Venture Capital, Oakwise Capital Management
- Series C, Jul 30, 2020, $60M — IDG Capital, Vision Knight Capital, GenBridge Capital, Buhuo Venture Capital, Sanquan
- Series B, Feb 24, 2020, $50M — IDG Capital, Vision Knight Capital, Buhuo Venture Capital
- Series A, Oct 23, 2019, $7.1M — Buhuo Venture Capital, Sanquan
- Series A, Aug 12, 2019, $6.4M — Buhuo Venture Capital

## Investors

- Buhuo Venture Capital (https://capitalatlas.ai/funds/buhuo-venture-capital) — Series A, Series B, Series C, Series D
- Sanquan — Series A, Series C
- IDG Capital (https://capitalatlas.ai/funds/idg-capital) — Series B, Series C, Series D
- Vision Knight Capital (https://capitalatlas.ai/funds/vision-knight-capital) — Series B, Series C, Series D
- GenBridge Capital (https://capitalatlas.ai/funds/genbridge-capital) — Series C, Series D
- Tiantu Capital (https://capitalatlas.ai/funds/tiantu-capital) — Series D
- CMB International Asset Management (https://capitalatlas.ai/funds/cmb-international-asset-management) — Series D
- Oakwise Capital Management — Series D
- Moutai(Guizhou) Investment Management (https://capitalatlas.ai/funds/moutai-guizhou-investment-management) — Series D
- Wumart United Capital (https://capitalatlas.ai/funds/wumart-united-capital) — Series D