Rye Coffee receives $150 million in B-round financing, valued at $2.9 billion

BEIJING, April 18, 2019 ( R-N.Y.) announced today that it will receive an additional $150 million in new investments based on the B-round financing completed in November 2018, including $125 million in private equity funds managed by BlackRock and $2.9 billion in valuationdata show that Ruiyu Coffee is headquartered in Xiamen, in January 2018 trial operation, by the end of 2018 in the north, Guangshen and other 22 major cities in the country to complete the layout of 2073 stores, consumer customers reached 12.54 million, sold 89.68 million cupsOn January 3rd, Ruiyu Coffee announced at its 2019 Strategic Communication Conference in Beijing that it would build more than 2,500 new stores and more than 4,500 stores during the year, with a view to becoming China's largest coffee chain brandso far, Rye Coffee's products include coffee series, fruit and vegetable juice, Raina ice, BOSS lunch, light snacks and fawn teavalued at $2.9 billionSwisscoffee today announced an additional $150 million in new investments based on the B-round financing completed in November 2018, with $125 million invested in private equity funds managed by BlackRock and $2.9 billion after investmentDecember 12, 2018, luckin coffee announced the completion of a $200 million round B financing, valued at $2.2 billionPleasant Capital,Capital, Singapore Government Investment Corporation (GIC), CICC and others participated in the financingAfter completing the financing, Liu Yihai, founding and executive partner of Pleasant Capital, entered the board of directors of the companyJuly 11, 2018, Swiss Coffee announced the completion of a $200 million Round A financing, with a post-investment valuation of $1 billionin addition to financing, Ruiyu Coffee recently movable mortgage news has also caused widespread concernApril 2, according to the sky eye survey showed yesterday Ruiyu Coffee (China) Co., Ltdadded a moving property mortgage informationthe information shows that the mortgagee is Zhongguancun Science and Technology Leasing Co., Ltd., the amount of secured claims is 45 million yuanRuiyu's movable property collateral are coffee machines, milk boxes, powder warehouses and other items, including Beijing, Shanghai, Guangzhou, Shenzhen, Chengdu and other storesRuixuan responded that this is a conventional equipment financing lease, in line with the swiss light assets operation of the big idea Through the application of innovative financial instruments such as equipment financing lease, the value of Ruiyu assets can be guaranteed to be maximized Since its establishment at the end of 2017, Ruiyu Coffee has opened 2,000 stores in more than a year, announcing the completion of a $200 million B-round financing in December 2018, valuing it at $2.2 billion In the first nine months of 2018, Swiss Coffee's cumulative sales revenue was RMB375 million, with a net loss of RMB857 million and gross profit of RMB433 million (gross margin of -115.5%), according to the previously disclosed financing business plan For a while, RuiYu "will not become the next of the of the question" four, Rui Yu said the subsidy will continue for three to five years early 2019, Ruiyu announced that in April this year will be stationed in 18 cities, to this point, Ruiyu has entered more than 40 cities in the country, while Ruiyu also "burn another 50 million", consumers only need to spend 7 or more goods per week, can be divided on the weekend 5 million cash, activities will continue for 10 weeks Rui Yu named the cash benefit campaign - the "Million Curry" of deer the news that Ruiyu is about to go to the United States to list, foreign media have also reported that Ruiyu coffee lack of money, the chairman pledged equity loans of 200 million U.S dollars, but the official response said "the news is not true, do not comment." Starbucks, on the other hand, is a rival to The Rafter, which has said it will open another 2,500 stores in 2019, surpassing Starbucks in the number of stores and cups Ruiyu Coffee is headquartered in Xiamen, in January 2018 trial operation, as of the end of November 2018 in the north, Guangshen and other 21 major cities in the country to complete the layout of more than 1,700 stores, in the core area of Beijing Shanghai City to achieve 100% coverage within 500 meters, customers can walk 5 minutes to reach