HomeArticle

Famous brand company secures strategic investment, led by Yuanhe Chenkun and FountainVest Partners.

时氪分享2025-07-28 15:48
The successful completion of this round of strategic financing marks that Mingqijia has entered a brand - new development stage.

Recently, the strategic financing signing ceremony of Mingqijia was successfully held at the headquarters of Towngas China in Hong Kong. It is reported that this round of financing was jointly led by Oriza FoFs and FountainVest. The raised funds will help Mingqijia quickly replicate its model across the country and achieve large - scale development, enhance its product and service capabilities, upgrade the digital platform capabilities featuring AI and IoT, and rely on community grids to provide more diverse and considerate services for 45 million household gas users.

Witnessed by Wai Yee Wong, the Executive Director of Towngas China (in the middle of the back row), Qing Xu, the Managing Partner of Oriza FoFs (second from the left in the back row), Kui Tang, the Founder, Chairman, and CEO of FountainVest (second from the right in the back row), Lui - Ming Yeung, the Executive Director and Chief Financial Officer of Towngas China (on the right in the back row), and Ying - Lung Chan, the Executive Director and Chief Investment Officer of Towngas China (on the left in the back row), Jun Yang, the Managing Director and General Manager of Mingqijia and the Operating President of Towngas China's extended business (in the middle of the front row), Zhenyu Xu, the Investment Director of Oriza FoFs (on the left in the front row), and Wai Man Chan, the Managing Director of FountainVest (on the right in the front row) jointly signed the financing agreement.

Wai Yee Wong, the Executive Director of Towngas China, pointed out in his speech: "As a century - old enterprise, Towngas China began exploring extended businesses as early as 60 years ago and gradually expanded into kitchen gas appliances, water heaters, cooking utensils, and high - end cabinets. Towngas China has 45 million household gas users in the Chinese mainland and Hong Kong, nearly 120 million people. Facing such a large and highly - loyal customer base, we have always been thinking about how to provide more diversified services to users beyond gas safety services. In Hong Kong, we have won a good reputation and market share with customized gas appliances that meet the needs of Hong Kong customers and professional services. We will take advantage of this financing opportunity and combine our experience in the Hong Kong market to fully tap the potential of the mainland market and provide safe and high - quality products and services to more families."

Qing Xu, the Managing Partner of Oriza FoFs, said in her speech: "This cooperation is not only a combination of capital and industry but also the result of in - depth collision and high - level agreement of the two parties' concepts. Oriza FoFs is from Suzhou. When I first took office in Suzhou in 2002, I learned about Towngas China. Today, we have reached a cooperation with Mingqijia, an extended business unit of Towngas China. This is a continuation of a more than 20 - year - long relationship. In the next cooperation, Oriza FoFs will actively leverage the advantages of Suzhou Industrial Park, connect with government resources, and fully support Mingqijia's expansion in the domestic market. We also look forward to the cooperation releasing greater energy and creating more possibilities."

Kui Tang, the Founder, Chairman, and CEO of FountainVest, a leading private equity investment institution in Asia, said at the signing ceremony: "Towngas China has a large user base and a good reputation in Hong Kong. Relying on its profound safety and service genes, Mingqijia has expanded to the Chinese mainland and continuously provides high - quality services to more consumers. Since its establishment in Hong Kong in 2008, FountainVest has always adhered to the core investment concept of 'assisting management'. We are very optimistic about the prospects of this cooperation. In the future, FountainVest will give full play to the professional capabilities of its team, utilize the resources and ecological advantages in the consumer retail and technology fields, and fully support Mingqijia's accelerated development, deepen the connotation of services, lead the industry transformation, and bring a more intelligent and wonderful life experience to more family users."

Jun Yang, the Managing Director and General Manager of Mingqijia and the Operating President of Towngas China's extended business, pointed out in his speech: "In the past two years, we have reached a high - level consensus with the investors on the entrepreneurial concept and future development direction, which has successfully led to today's cooperation. This round of financing is a milestone for Mingqijia at this stage and also a new starting point. Next, we should stay true to our original aspiration, with an entrepreneurial mindset, use the financing for the national promotion and replication of the successful model. Secondly, we should continuously improve our service, product, and digital capabilities to provide users with one - stop life service solutions and truly become a 'family life butler' worthy of users' trust. Finally, we should work hand in hand with investors and ecological partners to continuously upgrade the business model, comprehensively iterate to a user - centered 'butler service' model, achieve leap - forward development of the business, and provide more value to users."

The successful completion of this round of strategic financing marks that Mingqijia has entered a new stage of development. In the future, Mingqijia will take this as an opportunity to continuously focus on user value, work hand in hand with partners, accelerate the implementation of the "family life butler" strategy, and create a new picture of a better life for millions of families with more intelligent, considerate, and diverse services.