The fast-food chain secured $68.3m in a round Tencent co-led with Longfor Capital, reportedly boosting its total funding to nearly $130m.

Internet group Tencent has co-led a RMB450m ($68.3m) series D round for China-based fast-food chain Hefu Noodle, DealStreetAsia reported on Monday.

The round was co-led by Longfor Capital, a subsidiary of investment holding company Longfor Group, and also featured investment firm Meridian Capital.

Founded in 2012, Hefu Noodle runs a chain of more than 300 noodle-based takeaway restaurants that stretches across 32 Chinese cities including Beijing, Shanghai, Guangzhou, Shenzhen and Hangzhou.

Yao Xia, executive director at Tencent subsidiary Tencent Investment,…

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Robert Lavine

Robert Lavine is special features editor for Global Venturing.
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