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Manner

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Specialty coffee chain brand

Changning District, ChinaFounded 2015Food
Valuation $1–2.5B Last recorded · 2020
Revenue $10–50M Latest reported FY
Headcount <100 Current team size
Unlock exact values This page shows ranges. Dealroom has the exact numbers for Manner and the history behind them.

About Manner

Manner Coffee, operating under the formal name Shanghai Yinhe Industrial Co., Ltd., is a prominent coffee chain in China that has carved out a significant niche in the country's competitive café market. The company was established in 2015 by Han Yulong and his wife, starting with a modest 2-square-meter stall on Nanyang Road in Shanghai. Han, a former veterinarian with a passion for coffee, aimed to pioneer the concept of a high-quality, small-format café in China.

The business operates a direct-to-consumer model centered around a large and expanding network of company-owned physical stores. By June 2021, Manner had grown to 133 locations and was valued at approximately $2.8 billion. As of early 2024, the chain boasted over 2,000 direct-to-retail stores across major Chinese cities like Shanghai and Beijing. The company's core strategy is to offer high-quality, specialty coffee at affordable prices, positioning itself as a daily necessity rather than a luxury. This value proposition targets urban professionals and has helped embed coffee into the daily routines of a growing consumer base.

Manner's product offerings include classic espresso-based drinks like lattes and americanos, alongside pour-over coffee and branded merchandise such as coffee beans and cups. In 2021, the company expanded its scope by opening its first light-food concept, Manner CAFE, and in 2022, it partnered with Meituan to launch a delivery service. A key aspect of its brand identity is a commitment to sustainability; Manner offers a discount to customers who bring their own non-disposable cups, encouraging environmentally conscious consumption. The business model relies on maintaining high standards in dense, strategically located outlets near business centers to cater to the 'grab-and-go' culture. All stores are company-operated, as Manner has publicly stated it does not offer any franchising or agent opportunities.

Source: Dealroom company data

At a glance

Founded
2015
Headquarters
Changning District, China
Sector
Food
Power Law
Unicorn$1–10B valuation tier

Investors

7 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Series A4 investors entered at this stage

Series B and later3 investors entered at this stage

Team profiled 2 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 2 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
1 countries with
team presence
🇨🇳 China100%
1 country shown
Web traffic by country
11K monthly visits
across markets
🇭🇰 Hong Kong76.4%
🇺🇸 United States20%
🇹🇼 Taiwan0.9%
Top 3 markets shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Manner on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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