which directly test the brand's capabilities in standardization, digitization, and replicability, as well as the ability to quickly leverage the supply chain, ensure food safety, and control costs. Xiaocaiyuan has gradually formed these underlying capabilities and plans to use the funds raised from this IPO to improve them, which is expected to further consolidate its competitive moat.
For example, Xiaocaiyuan has built its own full cold chain warehousing and logistics supply chain system, and applied digital management to the supply chain system, achieving standardized centralized procurement france phone number list of highquality ingredients, efficient processing, precise daily delivery to all stores, as well as safe and reliable quality control and strong cost control. At the same time, Xiaocaiyuan has also created an efficient standardized operation model through standardization of digital empowerment services and store expansion.
The purpose of the IPO fundraising shows that 40% of Xiaocaiyuan’s funds will be used to expand the store network, 37% will be used to enhance supply chain capabilities, 13% will be used to upgrade smart equipment and digital systems, and the remaining 10% will be used as daily operating funds. Such allocation of funds shows that in addition to scale, it will seize a larger market with its technological strength built on supply chain and digitalization.