According to iimedia consulting, the Chinese baked pastry market reached RMB 260.08 billion yuan (USD $37.4 billion) in 2021, up 19.9% year-on-year, and is estimated to reach RMB 306.99 billion yuan (USD $44.1 billion) in 2023. Founded in August 2022, TaoXiManMan innovatively combined concepts of low sugar and probiotics with Chinese freshly baked pastry to target the consumer group of young mothers in the family. Recently, TaoXiManMan received a multi-million yuan (around one million USD) angel round of financing from a leading company in the field of enterprise procurement. (Source: sohu.com)
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