Hillhouse Invests in Safe Food Supply Chain Platform Caishixian
Summary
In November 2018, Hillhouse invested in Caishixian, a subsidiary of Yonghui, China’s largest fresh food grocery chain. Caishixian is a platform focused on creating a safe, efficient and reliable supply chain for businesses in the food industry. We believe that this partnership will be a truly positive force in the industry, providing restaurants, as well as canteens at companies, schools and universities, a reliable source of trusted ingredients. Combining Yonghui’s outstanding supply chain with Hillhouse’s unique ability to use technology and innovation to modernize traditional industries will help make Caishixian an unparalleled platform for businesses to source food. We are meeting a clear demand in the market for a high-quality, efficient supply chain solution that will help ensure that Chinese consumers have fresh, safe and diverse options to eat.