Jasmine Milk Tea White has completed a nearly 100 million yuan financing, led by Alibaba Local Life.

36Kr learned that the AiqiCha App shows that recently, Shenzhen Molly Milk Tea White Catering Management Co., Ltd. has completed a nearly 100 million yuan financing, and the investor is Alibaba Local Life. This round of financing will be mainly used for product research and development, brand investment, supply chain improvement, and strengthening team building. At the same time, it will empower franchise partners and continue to build a lightweight model.