Company: DDC
Filing Date: 2025-10-24
Form Type: F-1
Source: 0001213900-25-102214
Chunk: 137

Company: DDC Enterprise Ltd
Filing Date: 2025-10-24
Form: F-1
Chunk 137
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MB564.5 billion (US$83.5 billion) by 2026, a CAGR (2021 -2026) of 17.2%. While plant -basedproducts are a nascent Fast -MovingConsumer Goods (“FMCG”) category in China, there is significant demand from younger customer segments for plant -basedsubstitutes/alternatives. Demand for food products that are more environmentally friendly and viable alternatives to/substitutes for traditional protein sources is expected to increase. As a result, the market for plant -basedproducts is expected to experience a CAGR (2021 -2026) of 11.0%. Total revenue is projected to increase from RMB5.1 billion (US$703.3 million) in 2021 to RMB8.6 billion (US$1.2 billion) in 2026. As a leader in the RTC/RTH space, given the recent partnership with PFI Foods, a leading China -basedalternative meat manufacturer, and a Board of Directors and advisory network with significant operating and domain expertise, we should be able to identify and pivot to cater to evolving customer trends and consumption behavior. Competition— The food and e -commerceindustries in China are highly competitive. We compete with different competitors in each of our business lines. Our current and potential competitors can be divided into different categories: (i) traditional RTH, emerging RTC, and RTC food companies (domestic and international) in China, (ii) major plant -basedfood companies in China, (iii) major content providers in China focused on food, and (iv) other major internet companies in China that may enter the food -relatedcontent distribution or e -commercebusiness area. There are certain barriers to entry that have limited the number and success of foreign entrants, emerging, and traditional -cum -emergingbrands, including our (i) brand awareness, (ii) E2E supply -chainvisibility, (iii) strategic and preferred service agreements with product and distribution partners, (iv) product R&D and go -to -marketcapabilities, and (v) board of directors and advisory network. Mergers and Acquisitions (“M&A”)— M&A is a key growth strategy going forward. We will evaluate and opportunistically execute strategic joint ventures (JV), potential investments, and acquisition opportunities with a focus on supplementing and/or complementing our existing products, sales channels, customer -baseand/or allow us to optimize our existing supply -chainmanagement capabilities