Shanghai Babi Food, a Chinese food convenience store franchise, has completed over RMB100 million (US$16 million) new round of financing from Sino-Can Harvest Capital Co., Ltd., according to a company announcement. Founded in 2001, Shanghai-based Babi Food specializes in selling steamed buns and currently has over 1,800 stores across China. Established in 2006, Beijing-based Sino-Can […]

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