Shenzhen-based teahouse chain Gaga Cafe today announced that it has received a RMB180 million (US$26 million) series A round led by Legend Capital. An undisclosed industrial investor also participated in the round. Gaga Cafe was founded in 2010, when young Chinese students born after 1980 started to return home after studying abroad with renewed sense of tastes in style. Gaga Cafe is known for its fruit tea, a tea version of Sangria. It also provides light food such as salad. … Legend Capital Leads $26M Round In Chinese Teahouse Chain Gaga Cafe appeared first on China Money Network.