CICC led a $50m series C funding round in Zihaiguo.

CICC, a Chinese multinational investment management and financial services company, led a $50m series C funding round in Zihaiguo, a China-based self-heated individual instant hotpot brand, with participation from Matrix Partners China. “After obtaining Matrix’s investment, ZIHAIQUO has consolidated the foundation of offline business and strengthened the construction of the upstream supply chain. We believe that this will bring out even more potential for ZIHAIQUO, continuing to disrupt the market with innovative products and drawing more interest from consumers,” Wang Huadong, Matrix China Partner.