COVID-19’s Impact on Catering Investment of Venture Capital in China

DOI

10.2991/aebmr.k.220405.241How to use a DOI?

Keywords

COVID-19; Venture Capital; Catering; China

Abstract

This article aims to provide the public and practitioners of catering and venture capital an analysis of catering transformation under COVID-19 pandemic and capital intervention via statistics from catering and venture capital market, in combination with second-hand information from publications and new media in the industry. The research shows that COVID-19 pandemic caused loss to catering business in China. At the same time, Chinese venture capital market was in depression, too. Now they have recovered from the strike of the epidemic. The catering industry has developed a business model combining supply chain and online to offline food distribution platform to shorten and simplify the on-site food process. This business model may bring profits to new entrepreneurs looking for investors. Statistics show that the investors are attracted and some investment cases have been completed. For catering, enterprises realize the possibility of challenge in financial stress, cooperating with venture capital institutions is a choice. Catering is not considered to be in the mainstream options for venture capital investors, so completely relying on investment is not rational. The balance between simplified business mode and quality, is also a balance between investment and market. Only improving management and reducing unnecessary cost is a suitable method.

Copyright

© 2022 The Authors. Published by Atlantis Press International B.V.

Open Access

This is an open access article distributed under the CC BY-NC 4.0 license.

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TY  - CONF
AU  - Jiaming Jin
PY  - 2022
DA  - 2022/04/29
TI  - COVID-19’s Impact on Catering Investment of Venture Capital in China
BT  - Proceedings of the 2022 7th International Conference on Social Sciences and Economic Development (ICSSED 2022)
PB  - Atlantis Press
SP  - 1448
EP  - 1452
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.220405.241
DO  - 10.2991/aebmr.k.220405.241
ID  - Jin2022
ER  -