Investment Floods into China's Domestic Crawfish Restaurants, Yet Business Model is Suspect
SEAFOODNEWS.COM [CAPMA] Translated by Amy Zhong Sept. 12, 2017
Great investment floods into China’s crayfish industry, while its business model is in need of changes.
The value of China’s crayfish industry exceeds 140 billion yuan in the past year. And the value of its service sector, mainly including catering part, takes up 54.47% and reaches 80 billion yuan. The great potential of this industry has attracted the attention of many investors. According to the journalist for Beijing News, seven renown crayfish companies have received a total investment of 0.257 billion yuan in only two years. And their equity limit ranges between 8 million yuan to 170 million yuan.
Financing used to be difficult for crayfish companies...
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