Zhou Yan
晏周
Zhou Yan is the founder, chairman, and CEO of Mingming Henmang (鸣鸣很忙集团), the snack retail chain that operates the brands Busy Snacks (零食很忙) and Zhao Yiming Snacks (赵一鸣零食) . He started from a single community store and built the group into what he described as "more than 20,000 stores nationwide" and "a standard part of ordinary people's lives" by the time of its January 2026 Hong Kong IPO . Gaorong Ventures co-led the company's first funding round in 2021 , and the group has since been certified by Frost & Sullivan as holding the top national store count in China's snack chain industry . In a joint letter with Zhao Yiming co-founder Zhao Ding, Zhou has emphasized the corporate vision of "the people's snacks" .
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Coverage
5Y Capital Investor Notes: Why Mingming Busy? The Truth Behind What's Misread as "Consumption Downgrade" | 5Y View
How does 5Y Capital identify "readaptation" signals in offline retail amid a challenging market environment?
五源资本·Warm congratulations to Mingming Henmang on its successful IPO on the Hong Kong Stock Exchange, with Gaorong Ventures co-leading the first round.
China's largest chain retailer of leisure food and beverages.
高榕创投·Rongbao | Generative AI Powers Industries, Snack Chains Hit 10,000 Stores, Chip Tape-Out Success, Healthcare Goes Global
Innovation lights the path to growth.
高榕创投·Busy Snacks Closes First Funding Round of 240 Million Yuan to Build a Next-Generation National Snack Brand
It didn't just build brand value — it created an entire snacking infrastructure.
高榕创投·
