Chinese food companies Qiaqia, Juewei partner to set up $170m F&B fund
China s soy-based vegan chicken meal suji. Source: The Woks of Life, a family food blog focused on Chinese recipes
April 30, 2021
Qiaqia Food, one of China’s largest producers of roasted seeds and nuts, plans to partner with Shanghai-listed Chinese casual halogenated food producer Juewei Food Co Ltd to set up an investment fund focused on the food and beverage industry, per a filing.
Both parties inked an agreement with a slew of other investors like Linzhi Yongchuang Information Technology and Zhejiang Jiyuan Network Technology to invest a total of 1.1 billion yuan ($170 million) in the fund.