Doo, the “Huawei-affiliated” vaping brand, announces completion of first-round financing worth tens

It is reported that the Doo brand electronic cigarette, known in the e-cigarette industry as the "Huawei-affiliated" electronic cigarette (belonging to Shenzhen Duoke Technology Co., Ltd.), has recently completed its first round of financing worth tens of millions. After this round of financing, the Doo brand electronic cigarette will continue to focus on core technology research and market layout, aiming to provide smokers with a better product experience and a healthier lifestyle.

According to official sources from Doo, the investors are experienced angel investors Xia Xi and Li Ji. Xia Xi is the founder and CEO of Zenjoy Group, a leading overseas enterprise, who has successfully incubated and invested in multiple internet startup projects, such as Wind, Decheche, and Learnings. Li Ji has worked for several well-known international investment funds, including ING and Japan Asia Investment Group, and is currently the CFO of Zenjoy Group, with rich experience in fund investment and management.

Founded in November 2018, Shenzhen Duoke Technology Co., Ltd. seizes opportunities and keeps pace with the times. It adopts a layout planning that develops both online and offline, with domestic offline channels currently covering most provinces and cities nationwide, while online it focuses on a differentiated brand positioning of light cultural trends, standing out among many e-cigarette brands. At the same time, the Doo brand is also actively expanding and laying out in overseas markets, aiming for an international route, which is closely related to the overseas background of the founding team of Doo.

According to official information from the Doo brand electronic cigarette, the brand currently offers a disposable electronic vaporizer called Doo One, and another product is the Doo Fit Hybrid cartridge-based vaporizer (which is set to launch soon). The vape pen is rechargeable and reusable, using nicotine salts made from American raw materials instead of traditional cigarette nicotine, and contains no tar or harmful combustion particles, with various flavors to meet different user preferences.

According to incomplete statistics, since the beginning of 2019, more than 10 e-cigarette brands have completed financing.

Multiple financing cases indicate that the e-cigarette sector remains hot, and the investment trend continues to rise. Investors Xia Xi and Li Ji stated that the reason for investing in this project, besides being optimistic about the e-cigarette sector, is also because they recognize the Doo team. The Doo team has a clear Huawei gene, possessing deep skills in product research and development, global sales, brand operation, and grasping industry opportunities.

With the continuous popularity of new tobacco globally and the rise of a new consumer group, the market space for electronic vaporizers will rapidly grow, and the e-cigarette sector will enter a new stage of development. The comprehensive capabilities of the Doo team will undoubtedly become a winning weapon in the competitive landscape.