YPX Cayman Holdings, founded in 2010 by Chris Tay (CEO), manages casual food & beverage chains in China. Its first brand, CLOUD 9, targets Taiwanese casual F&B and snacks and now operates more than 40 stores across Shanghai, Beijing, Tianjin, Hangzhou, Nanjing, Changzhou and Hefei. The company operates a mix of directly owned stores and franchised outlets. Over the next year YPX plans to add two more brands to its portfolio. It intends to use new capital to grow directly owned stores, expand its franchising system and execute R&D programs. In August 2014 the company closed a $25M Series D financing. YPX Cayman Holdings is a Shanghai-based company that manages casual food and beverage (F&B) chains, operating its first brand CLOUD 9 which focuses on casual F&B and snacks. The company opened its first store in December 2010 and has expanded its operational infrastructure, IT systems and human resources to support growth. By the end of 2012 it will operate 30 Cloud 9 stores across Shanghai, Hangzhou, Nanjing, Changzhou, Hefei, Beijing and Tianjin. YPX intends to open at least another 90 stores throughout China and aims to become one of the fastest-growing quick service restaurant brands in the country. The company plans to use new funding to open additional stores in Eastern and Northern China and to build a large fast-casual F&B chain platform. YPX is led by Founder and CEO Chris Tay.

Total raised

$37M

Funding rounds

2

Latest round

Series D

Latest activity

Aug 2014