DDC and Hewen Launch Joint Venture to Scale Ready-Made Convenience Meal Business, Backed by USD 15M Profit Commitment
DDC and Hewen Launch Joint Venture to Scale Ready-Made Convenience Meal Business, Backed by USD 15M Profit Commitment
04/08/25, 3:57 PM
Location
chinaMoney
$15 million
Industry
food and beverage
Type
partnership
DDC Enterprise, Ltd. announced a binding agreement to form a joint venture with Hewen Agricultural Technology Limited, a premium prepared-meal producer, to scale delivery of ready-to-eat solutions in Mainland China. Hewen has committed to generating USD 15 million in profits for the JV over the next five years.