Hefu Noodles opens its first Hong Kong location at Plaza 2000 in Causeway Bay, drawing long lines of customers on the opening day. The store maintains the brand’s signature red fan logo and classic Chinese interior design. The launch marks the company’s expansion into a key commercial district in the city.
Hefu lowers prices to attract more customers as it prepares for an initial public offering (IPO). The Mainland noodle chain is among two reportedly planning IPOs to collectively raise up to $300 million amid a post-pandemic catering sector recovery.
Two mainland Chinese noodle chains, **Hefu Noodle** and **Meet Noodles**, are preparing to raise up to **US$300 million** through initial public offerings (IPOs) in Hong Kong. Hefu Noodle plans to list as early as this year, targeting a **US$100–200 million** raise, with discussions underway with broker **Huatai Financial Holdings (Hong Kong)**. Meet Noodles may follow suit, contributing to a broader trend of food and beverage companies listing in the city.
Tencent Investment and Longfor Capital lead a **$124 million Series E** funding round for **Hefu Noodle**, a Chinese noodle restaurant chain. The investment follows their co-leadership of the company’s Series D round eight months prior. Hefu Noodle expands its capital base to accelerate growth in its quick-service dining segment.