Core Viewpoint - The recent public debate between Luo Yonghao and Jia Guolong has sparked significant attention towards the "prepared dishes" market, which is poised for more comprehensive industry standards [1][3]. Group 1: Industry Trends - The Chinese catering industry is transitioning from a rough model to a more refined one, with the recent controversy guiding companies like "Xibei" to explore new paths [3]. - Japan's experience in the catering sector, particularly during economic downturns, may provide valuable insights for Chinese companies facing similar challenges [3]. - Data from Guoxin Securities indicates that from 1990 to 2024, Japan's consumer services sector saw the emergence of 20 tenfold stocks, with 11 from the restaurant industry [3]. Group 2: Company Comparisons - The development strategies of Xibei and Japan's Izumi Group show both similarities and differences, leading to divergent fates for the two companies [4]. - Izumi Group emphasizes supply chain development and has established a vertically integrated supply chain, which includes nine subsidiaries managing all processes from procurement to retail [6]. - In contrast, Xibei has not successfully developed sub-brands and faces higher transportation costs due to its reliance on cooperative supply chain models [4][6]. Group 3: Financial Developments - Xibei recently secured A-round financing, increasing its registered capital from approximately 89.9 million RMB to about 102 million RMB, marking a 13% increase [8]. - Notable investors include Zhang Yong and Hu Xiaoming, who bring operational expertise and experience in brand management to Xibei [8]. Group 4: Future Outlook - As national standards for prepared dishes and related regulations are refined, the Chinese catering market may witness a consolidation similar to Japan's, with smaller enterprises potentially being pushed out [9]. - Jia Guolong must leverage funding and diverse stakeholder interests to navigate Xibei through current challenges and towards its goals [10].