Cathay Associates Kejie advised Join-Hope on its Series A Investment in Xingkeduo.

Fast haircut brand Xingkeduo recently announced that it has obtained RMB 30 million series A investment mainly from Join-Hope and followed by original investors Innovation Works and Future Capital.  The new round financing will be mainly used for market expansion, technology research and development and team building.

Xingkeduo concentrates merely on haircut without hair-waving, hair-dyeing or promotion.  It only offers 15 minutes’ wash-free fast haircut service within the shop.  Customers can make a reservation through Xingkeduo’s official accounts on WeChat or go directly to the off-line shops to get a ticket through a ticket machine.  Xingkeduo has set up 25 shops in Beijing and Shanghai by November 22, 2015.

The legal services provided by Cathay Associates Kejie for Join-Hope on its series A investment in Xingkeduo includes, among others, (i) conducting legal due diligence investigation; (ii) drafting and revising the transaction documents; (iii) participating in the commercial and legal negotiations.

Cathay Associates Kejie team was led by partner Fred Hao and included Liu Xiayi, He Yuting and Cui Ying.