Dongshifu closes multimillion-yuan Pre-A round led by INCE

Dongshifu, an industry internet platform focusing on frozen beef and lamb, on July 6 announced the completion of Pre-A round of financing, raising tens of millions of yuan.

Dongshifu, an industry internet platform focusing on frozen beef and lamb, on July 6 announced the completion of Pre-A round of financing, raising tens of millions of yuan.

The round was co-led by INCE Capital Partners and Albatross Venture, and joined by Wang Zhan, Chairman of Dongshifu.

Luo Weiwei, founder of Dongshifu, said proceeds from this round of financing will be used mainly for technology investment and market expansion.

Dongshifu is an operator of an online retail platform intended to provide high quality and low cost frozen lamb and beef. The company’s platform optimizes the supply chain and connects manufacturers directly with wholesalers, enabling customers to have quality farm-to-table lamb and beef at a low price.

Luo Weiwei, founder and CEO of Dongshifu, was the regional general manager of Alibaba B2B business in Beijing and has many years of entrepreneurial experience. Co-founder and COO Wang Cheng is good at enterprise operation.

The core team of the company includes former executives of well-known enterprises such as Baidu and Alibaba, as well as industry experts who have been focusing on beef and lamb products for more than ten years.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/07/08/dongshifu-closes-multimillion-yuan-pre-a-round-led-by-ince/.

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