Xu: Wahaha sought $45M in 1995 for three concurrent production lines
Kathy Xu · Kathy Xu – Venture in China at Capital Today, Venture is Eating the Investment World 12 (Capital Allocators, EP.243) · Mar 28, 2022 · at 17:56
Kathy Xu of Capital Today describes the initial venture deal she worked on at Peregrine in 1995 backing Chinese beverage company Wahaha.
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“He said he want to raise like a forty-five million US dollar and bought three production lines. Each production line is over ten million. So he want to build three production lines at the same time.”
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