Corporate Investor

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Zhejiang Tea Group

Zhejiang Tea Group is a corporate investor based in Hangzhou, China. It manages $93.38 million in assets across two funds, primarily focusing on Asia.

Zhejiang Tea Group logo

Zhejiang Tea Group

Zhejiang Tea Group is a corporate investor based in Hangzhou, China. It manages $93.38 million in assets across two funds, primarily focusing on Asia.

General information

Firm type

Corporate Investor

Year founded

1950

Location

Region

Asia

Country

China

City

Hangzhou

Corporate office

No. 218 Tiyuchang Road, Hangzhou, Zhejiang, China

Additional offices

No. 188 Cuibai East Road, Hangzhou, Zhejiang, China

Principals

Mao Limin

Chairman and CEO

Sector focus

AgriTech & FoodTechReal EstateLuxury

Frequently asked questions

Who runs Zhejiang Tea Group and sets its investment priorities?

Mao Limin serves as Chairman and CEO. He founded the group and continues to direct its strategy. Investment priorities are shaped by both commercial goals and the group's relationship with the Zhejiang Supply and Marketing Cooperative, which acts as the parent government-linked entity and influences the group's role in provincial agricultural policy.

What is the ownership structure of Zhejiang Tea Group?

Zhejiang Tea Group is anchored by the Zhejiang Supply and Marketing Cooperative, a government-linked entity. This cooperative-state structure places the group at the intersection of commercial enterprise and provincial industrial policy for Zhejiang's agricultural sector, differentiating it from privately held family offices or purely state-owned enterprises.

Is Zhejiang Tea Group vertically integrated?

Yes. The group controls upstream land assets — ecological and organic tea gardens across multiple Chinese provinces — midstream industrial tea processing bases in Zhejiang, and downstream research partnerships with Zhejiang University for deep processing and product development. It also holds significant tea inventory. This full-chain integration is the defining feature of its operational posture.

Does Zhejiang Tea Group maintain international joint ventures?

The group has a history of international processing joint ventures. A notable example is the former Zhejiang Tata Tea Extraction Company, a partnership with Tata Global Beverages, that combined processing infrastructure with a multinational consumer brand. This structure is representative of how the group deploys capital alongside strategic partners.

How does the group's trade-association leadership shape its influence?

Zhejiang Tea Group chairs the China Tea Industry Alliance and is active in the China Tea Marketing Association. These positions provide a direct channel to shape sector standards, trade promotion, and pricing coordination across China's fragmented tea industry, extending the group's influence beyond its own operational footprint.

What philanthropic or poverty-alleviation programs is the group involved in?

The group runs several programs, including the Timely Rain Project alongside Geely Holding Group, focused on poverty alleviation. It also operates the Gisovu Honey Project and a Tea Seedling Donation Program. These are structured as operational initiatives consistent with its mandate under the cooperative framework rather than through a separate foundation.

What non-tea assets does Zhejiang Tea Group hold?

Beyond tea plantations and processing infrastructure, the group holds a modernized garment plant in Zhejiang and two commercial properties in Hangzhou — its headquarters on Tiyuchang Road and an additional office on Cuibai East Road. These diversifications indicate an asset-owner posture that leverages the balance sheet across adjacent industrial and real estate holdings.

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