Manner Coffee(上海茵赫实业有限公司)
Fast facts
- Year Founded
- 2015
Source: Qichachawww.qcc.com/firm/c37140b4201ee58840d4174d9914e9ab.html
- HQ Location
- Shanghai, China
- Publicly Traded?
- No
- Overseas Operations
- No
- US Sanctions
- No
- Military Affiliation in China
- No
Valuation
Source: SupChinasupchina.com/2021/11/05/the-rise-of-manner-coffee/
Employees
Source: Qichachawww.qcc.com/firm/c37140b4201ee58840d4174d9914e9ab.html
Manner Coffee began in 2015 as a single roadside stall with lines that spilled directly onto a crowded Shanghai street. Today, it has over 300 stores, most of them in Shanghai, and is planning a Hong Kong IPO to raise as much as $300.0 M to continue its expansion.
Manner set itself apart by honing in on a younger crowd. It has quickly become known for its creamy flat whites, a chic store design, and prices 30% to 40% lower than Western chains. It’s also eco-friendly: Customers who bring their own cup can get a coffee for just RMB 10.0 (USD 1.50).
Manner received its first investment from Today Capital in October 2018, then the following year, it began its national expansion after a $12.0 M Series A investment from Today Capital. It added stores in five cities: Suzhou, Beijing, Chengdu, Xiamen, and Shenzhen.
2021 has been a watershed year for the company. Thanks to investments from Temasek, Meituan, and ByteDance, from June to October, it built around 150 new stores — more than one every day.
Source: SupChinasupchina.com/2021/11/05/the-rise-of-manner-coffee/
The eleventh and final owner is 北京量子跃动科技有限公司, holding about 1.07% of shares.
Source: Qichachawww.qcc.com/firm/c37140b4201ee58840d4174d9914e9ab.html
-
- Name
- Ownership
-
- Lù Jiànxiá
Source: Tianyanchawww.tianyancha.com/company/2415760165
- 18.58662%
- Lù Jiànxiá
-
- Hán Yùlóng
Source: Tianyanchawww.tianyancha.com/company/2415760165
- 18.58662%
- Hán Yùlóng
-
- H Cookies
Source: Tianyanchawww.tianyancha.com/company/2415760165
- 17.50937%
- H Cookies
-
- Coatue PE Asia 44
Source: Tianyanchawww.tianyancha.com/company/2415760165
- 16.08333%
- Coatue PE Asia 44
-
- H Sweet
Source: Tianyanchawww.tianyancha.com/company/2415760165
- 8.1229%
- H Sweet
-
- Jīn Bīnbīn
Source: Tianyanchawww.tianyancha.com/company/2415760165
- 7.20612%
- Jīn Bīnbīn
-
- Shenzhen Longzhu Equity Investment Fund Partnership
Source: Tianyanchawww.tianyancha.com/company/2415760165
- 6.95186%
- Shenzhen Longzhu Equity Investment Fund Partnership
-
- Coatue PE Asia 42
Source: Tianyanchawww.tianyancha.com/company/2415760165
- 3.31547%
- Coatue PE Asia 42
-
- Coatue PE Asia 54
Source: Tianyanchawww.tianyancha.com/company/2415760165
- 1.42603%
- Coatue PE Asia 54
-
- Dahlia Investments
Source: Tianyanchawww.tianyancha.com/company/2415760165
- 1.14217%
- Dahlia Investments
After extensive research, we were unable to find any overseas operations for Manner Coffee.
Manner Coffee Sanctions
While at this time it appears that this company is not the subject of any U.S. or other global sanctions, it is important to note that Chinese companies tend to have more opaque organizational structures than their Western peers. Chinese companies' affiliated brands, operating units, and overseas subsidiaries are not always obvious or even identifiable. Given this, a Chinese company may not be the subject of sanctions, but one of its subsidiaries may be, thus making it difficult to accurately ascertain a company's full sanctions status.
The latest news on Manner Coffee from SupChina
Blue Bottle Coffee debuts in Shanghai
The pricey hipster California chain Blue Bottle Coffee has opened its first mainland store in Shanghai, growing the list of brands that seek a foothold in the coffee hub of the world.
The rise of Manner Coffee
In Shanghai, coffee has become an addiction. Can Manner Coffee expand to become China’s first major Starbucks rival?
