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Core Viewpoint - Xibei Restaurant Group has secured Series A financing, indicating a strategic move towards growth and potential IPO plans by 2026 [2][6][8]. Financing and Shareholding Changes - Xibei Restaurant Group received Series A financing from several investors, including Taizhou Xinrongtai Investment Co., Hohhot Collective Co-Creation Enterprise Management Center, Chengdu Xunda Optoelectronics Co., and Hangzhou Zhouxuan Equity Investment Management Partnership [2][5]. - The registered capital of Xibei increased from 899.02896 million to 1,016.80175 million [2]. - Founder Jia Guolong's direct shareholding was diluted from approximately 29.59% to about 26.16%, although he remains the actual controller of the company [3]. Investment Background - Taizhou Xinrongtai Investment Co. is fully controlled by Zhang Yong, a prominent figure in the restaurant industry known for his achievements in Michelin stars [5]. - Hangzhou Zhouxuan Equity Investment Management Partnership has made around 10 direct investments since its establishment in 2018, focusing on the cultural and entertainment sectors [5]. IPO Plans - Jia Guolong has publicly stated that Xibei plans to go public in 2026, aligning with the company's strategic growth objectives [6][8]. - The company aims to achieve a high-quality IPO and become a company with a market value exceeding 100 billion by 2026 [8]. Operational Challenges - Xibei has faced a decline in operating revenue due to the "pre-made dish controversy" since September 2025, leading to the decision to close 102 stores, affecting approximately 4,000 employees [9]. - The recent store closures have drawn public attention, prompting Jia Guolong to acknowledge the need for reflection and improvement in response to the crisis [9].