Four VC Firms Invest RMB150 Million In China’s Bama Tea

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Chinese tea company Bama Tea says earlier this week that it has completed series A funding.

IDG Capital Partners, Tiantu Capital, Shenzhen Cowin Capital and Tianjixing Capital have jointly invested RMB150 million in the company.

The four venture capital and private equity investors will obtain a stake of less than 15%, says Wang Wenli, chairman of Bama Tea.

China Money Network

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