According to multiple corporate information service platforms, Inner Mongolia Xi Bei Catering Group Co., Ltd. has secured Series A funding on January 21st.
Concurrently, industrial and commercial information indicates that Xi Bei Catering's registered capital has increased from approximately 89.9029 million yuan to approximately 101.6802 million yuan, representing a growth of about 13.1%. The list of shareholders has been updated to include Taizhou Xinrongtai Investment Co., Ltd., Hohhot City Collective Co-creation Enterprise Management Center (Limited Partnership), Hangzhou Zhouxuan Equity Investment Management Partnership (Limited Partnership), Zhou Haoyu, and Chengdu Xunda Optoelectronics Co., Ltd., with respective shareholding ratios of 4.4209%, 4.4209%, 2.2104%, 0.4421%, and 0.0884%.
It is noteworthy that following this round of financing, the shareholding ratio of Xi Bei founder Jia Guolong and some of the original shareholders has correspondingly decreased to approximately 26.16%.
Public information reveals that among the new shareholders, Hangzhou Zhouxuan Equity Investment Partnership has Hu Xiaoming, Chairman of Yimi Ba Agricultural Technology, serving as its executive affairs partner. Taizhou Xinrongtai Investment Co., Ltd. is wholly owned by Zhang Yong, founder of Xin Rong Ji. Chengdu Xunda Optoelectronics Co., Ltd. is a wholly-owned subsidiary of Chengdu Jinghua Photoelectric Technology Co., Ltd. Notably, Hu Xiaoming previously served as an Alibaba Partner and CEO of Ant Group.
Inner Mongolia Xi Bei Catering Group Co., Ltd. was established in October 2017, with Jia Guolong as its legal representative. Its business scope encompasses catering services, food production, online food sales, food sales, catering management, corporate headquarters management, and engaging in investment activities with its own capital.
Since Luo Yonghao publicly accused Xi Bei of using "pre-made dishes" in September 2025, the restaurant chain has experienced a sharp, cliff-like drop in customer traffic.
On January 15th, Xi Bei founder Jia Guolong confirmed via his WeChat Moments that the company plans to close 102 stores nationwide in the first quarter of 2026, accounting for 30% of its total store count and affecting over 4,000 employees.
During a press conference for a gourmet market event in early September 2022, Jia Guolong announced, "Xi Bei plans to go public in 2026 and is currently preparing for an IPO according to Hong Kong stock market requirements."
At the Xi Bei annual meeting on January 1st, 2023, Jia Guolong explicitly stated in his New Year's address to more than 20,000 employees: Xi Bei plans, through continuous development in 2023, 2024, and 2025, to complete its IPO listing by 2026 and become a listed company with a market valuation of hundreds of billions.
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