Chinese self-heating hotpot start-up gets $50m Series C

Zihaiguo, a Chinese start-up best-known for its line of self-heating hotpot products, has raised a $50 million Series C round led by CICC Capital at a valuation of $500 million. Existing investor Matrix Partners China re-upped. Matrix acquired a 12.7% stake in Zihaiguo for over RMB100 million in March, according to AVCJ Research’s records. Its Series A was backed by Meridian…