With the largest population in the world and as one of the largest agricultural economies in the world, China represents a major opportunity for startups and investors alike.
Chinese agrifood startups raised $5.8 billion of investment across 283 deals with 318 participating investors during 2018, according to the 2018 China AgriFood Startup Investing Report released by AgFunder in collaboration with Chinese food tech VC Bits x Bites.
"Unless companies can solve supply chain issues and produce more food using novel tech, I don’t think the Chinese food industry will change tremendously,” Temasek's Anuj Maheshwari told delegates at 2050 China Food Tech Summit.
With its irresistible market size and a growing appetite for healthier food options, a fertile ground for global startups is forming for meat alternatives in China.
Here the team from Bits x Bites, China's first accelerator VC to invest in early-stage food tech startups, gives us a snapshot of the China food tech startup scene.