On May 19, Chinese high-end yogurt brand Simple Love announced that it secured US$57 million in series A funding, led by Matrix Partners China; BA Capital, Maison Capital, and CITIC Agriculture also participated.
90% of the funding will be invested in the upstream supply chain (integration of factory and pasture). The factory of Simple Love in Fengning town Hebei Province is expected to be put into production in January 2021, which will be the only factory in the world that . . .
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