The goal of the partnership is to power the development of agriculture and food tech innovation in China by opening up COFCO's resources to qualifying tech companies.
Chinese food tech VC Bits x Bites has created The China Food Tech Hub, a new model to foster cooperation between startups and corporations in collaboration with a multinational consortium of biotech firms, agricultural processors, flavor houses, consumer food companies.
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.
The fledgling startup industry looks different to other global markets with the vast majority of innovation and investment ($1.7 billion) taking place downstream; but China’s agrifood startup scene has something the US market does not.
Indoor farming software startup Agrilyst has raised an undisclosed strategic round, bringing in new investors with the aim of expanding the scope of its product offering and entering the Chinese market.
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.
Indoor farm Plenty makes plans in China while startups merge and launch new products in this week's brief.
High-profile startup hires, a startup IPO, and new startup resources also make up part of this week's brief.
After a series of high profile acquisitions and more likely on the way, China is poised to have a much larger footprint in the global food supply chain in the near future, according to a new report from Rabobank.
Trimble to Acquire Müller-Elektronik to Extend its Precision Agriculture Capabilities
China’s food industry is modernizing at its fastest pace ever, using more technology to scale up and meet higher standards, according to Alex Zhang, cofounder of Hosen Capital.
We caught up with Ping Chew, head of Food & Agribusiness Research and Advisory for Asia at Rabobank, to get his thoughts on the growing food startup scene 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.
Former partner at Khosla Ventures Andrew Chung today launched 1955 Capital, which will invest in the energy, food and agriculture, education and health sectors.
Singapore and China ventures Honestbee and Womai have joined the food e-commerce boom with $215m in combined funding this month.
Smart Agriculture Analytics, an English language data provider for China’s agriculture technology market, will now connect non-Chinese agtech and input providers with Chinese distributors.
AgFunderNews recently had the opportunity to ask Professor Zhang of Virginia Tech's College of Agriculture and Life Sciences and College of Engineering five questions about his research into turning cellulose into edible starches and biofuel.
Earlier today, Kingenta Ecological Engineering Group announced the launch of a broad scale agricultural partnership between Israel and China. Founded in 1998, Kingenta is a Chinese technology enterprise dedicated to the development, production, and marketing of compound fertilizers, slow/controlled -release fertilizers, water soluble fertilizer, and other specialty fertilizers.