Xifeng Liquor, a renowned Chinese Baijiu manufacturer, successfully held a promotion meeting in Seoul, the Republic of Korea (ROK) on Tuesday, showcasing the cultural charm and unique appeal of Chinese Baijiu to the world.
Sold off from Grainger this past September, the company is now China-owned and gaining momentum.
May 13th, 2021
MyMRO
Shanghai-based MyMRO formerly Grainger China until Grainger sold off the unit in September 2020 announced Wednesday that it has completed a new round of financing.
The company said it has raised several hundred million yuan, or at least $30 million USD, in a B-round of financing led by China investment firm FountainVest Partners.
Grainger first announced the Grainger China divestment in June of 2020 in a move aimed at focusing more on key businesses and geographies. It was bought by Zhou Yanhua the former general manager of Grainger China and China-based venture capital firm Sinovation Ventures. The transaction completed Sept. 9 of last year, upon which Grainger China immediately raised another several hundred million yuan in A-round financing, led by Sinovation.