The corporates have launched a $30m joint venture that will invest in catering companies with growth potential with which they can partner.
Food producer Juewei Food and online food ordering service Ele.me have formed a RMB205m ($30m) China-based joint venture that will invest in catering companies, China Money Network reported today.
Ele.me and Juewei subsidiary Shenzhen Wangju Investment will each supply RMB100m for the venture, dubbed Juele Investment Fund. They have not revealed from where the remainder of the capital will be sourced.
The fund will invest in consumer-focused catering businesses capable of growing rapidly with access to funding, and companies with…
