03/02/2026
On February 3, 2026, Eastroc Beverage (09980.HK / 605499.SH), a portfolio company of Harvest Capital, was officially listed on the Hong Kong Stock Exchange.
With the ringing of the opening bell in Hong Kong, Eastroc Beverage completed its “A+H” dual-market listing, becoming China’s first functional beverage company to be listed on both the A-share and H-share markets.
Backed by our deep early experience in the Red Bull category, we have long believed that functional beverages represent the fastest-growing segment within the soft drinks industry. We first engaged with Eastroc in 2014, and in 2017 invested RMB 350 million, becoming the company’s sole external shareholder at the time.
After nearly a decade of partnership in the A-share market, Harvest Capital once again participated in Eastroc’s Hong Kong IPO in 2026 as an anchor and cornerstone investor, supporting the company’s next phase of global expansion.