Rachel: Investors did not raise funds from investors in the name of Rachel.

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 Rachel: Investors did not raise funds from investors in the name of Rachel.


The company also said that any investment product or fund raising in the name of investing in Ruixing coffee in the market is not the behavior of Ruixing coffee or Ruixing coffee investors.

On December 12, Reichen Coffee announced the completion of a $200 million B round of financing with a post-investment valuation of $2.2 billion. By the end of November 2018, more than 1700 stores had been laid out in 21 big cities in China, such as Beisheng, Guangzhou and Shenzhen, and 100% coverage within 500 meters had been achieved in the urban core area of Beijing and Shanghai. Customers could reach it in 5 minuteswalk. (Zi Qing)

The following is the official statement of Rachel Coffee:

Recently, our company found that in the market there are individual institutions in the name of investing in Ruisheng coffee to raise funds from individuals and institutional investors to set up funds. Regarding this, the statement of Rachel Coffee is as follows: Rachel Coffees $200 million B round financing is over. Investors are Joy Capital, Big Bo Capital, Singapore Government Investment (GIC) and CICC. 2. It has been confirmed that investors participating in this round of financing have not raised funds to establish funds from any other individual or institutional investors. Attention should be paid to the fact that any act of issuing investment products or raising funds in the name of investing in Ruixing coffee in the market at present is not the act of Ruixing coffee or Ruixing coffee investors. If it causes any loss, Rachel Coffee will not be liable. Ruisheng Coffee, Dec. 17, 2018: Liable Editor of Netease Science and Technology Report: Qiao Junjing_NBJ11279

Recently, our company found that in the market there are individual institutions in the name of investing in Ruisheng coffee to raise funds from individuals and institutional investors to set up funds. Regarding this, Rachel Coffee declares as follows:

Rachel Coffees $200 million B round of financing is over. Investors are Joy Capital, Big Bo Capital, Singapore Government Investment (GIC) and CICC.

2. It has been confirmed that investors participating in this round of financing have not raised funds to establish funds from any other individual or institutional investors.

Attention should be paid to the fact that any act of issuing investment products or raising funds in the name of investing in Ruixing coffee in the market at present is not the act of Ruixing coffee or Ruixing coffee investors. If it causes any loss, Rachel Coffee will not be liable.

Rui Xing coffee

December 17, 2018