Manner Coffee (上海茵赫实业有限公司)

Fast facts

Year Founded
2015
HQ Location
Shanghai, China
Publicly Traded?
No
Overseas Operations
No
US Sanctions
No
Military Affiliation in China
No

Revenue

Valuation

USD 4.5 B

Employees

500-599

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 million 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 10 yuan ($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 million 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.

The eleventh and final owner is 北京量子跃动科技有限公司, holding about 1.07% of shares.

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

Business & Technology

The rise of Manner Coffee

In Shanghai, coffee has become an addiction. Can Manner Coffee expand to become China’s first major Starbucks rival?

November 5, 2021 Source: SupChina

Manner Coffee, Shanghai