Canyin Laoban Neican

About Canyin Laoban Neican

Canyin Laoban Neican is a prominent media service platform focused on the restaurant industry chain in China. It was co-founded by Qin Chao and Tan Ye. The company's services encompass media and communication, training, data research, report publishing, franchise selection, and project incubation. Since its inception, the company has received significant financial backing, including several million RMB in an angel round in July 2014 from Weixi Investment. This was followed by a Pre-A round of 20 million RMB in July 2015, led by the Shixiangjia New Media Fund, which valued the company at 100 million RMB. In June 2016, Canyin Laoban Neican secured 50 million RMB in a Series A funding round, reaching a valuation of 2.5 billion RMB. Investors in this round included Meituan-Dianping, Toutiao, Source Code Capital, and Qianwei Central Kitchen.

The platform serves as a vital resource for restaurant owners and operators, providing them with industry insights, professional information, and business solutions. Its business model revolves around content creation and distribution through its media channels, alongside providing paid services such as educational courses, industry reports, and franchise consulting. The platform has published influential industry reports like the 'China Catering Operation Report 2022' and the 'China Catering Big Data 2021'. With a readership of over 2 million restaurant owners, it has established itself as a key player in the catering industry's media landscape.