Chinese coffee chain M Stand has reportedly raised hundreds of millions of yuan in its Series B+ financing, with lifestyle platform Xiaohongshu leading the investment round. This funding comes nearly two years after the company closed its B round financing. M Stand’s previous institutional investors include CMC Capital, GenBridge Capital, and BA Capital. The latest investment will enable the home-grown brand to expand its operations even further. Since opening its first store in Shanghai in 2017, M Stand has grown to operate 356 stores across 28 cities nationwide as of May 31. [FoodTalks, in Chinese]