Molly Tea received nearly 100 million yuan in financing led by Alibaba Local Life

Recently, the Internet celebrity brand "Molly Tea" in the new tea beverage track announced that it has completed nearly 100 million yuan in financing, led by Alibaba Local Life.

Relevant data shows that since the opening of the first store in 2021, the annual sales of Molly Tea's signature Jasmine series have exceeded 690,000 cups, with 785 stores across the country, and revenue growth of nearly 400%. In the fiercely competitive tea beverage market, Molly Tea's performance is particularly eye-catching, and even industry insiders believe that it is expected to become the next "Chagee".