Brief: Chinese dronemaker XAG raises $46m
March 17, 2021
This latest injection follows a $182 million round late last year which was co-led by Baidu Ventures and SoftBank Vision Fund II.
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Tag: China
Brief: Ant Group makes 2030 net zero pledge, launches carbon neutrality fund
March 16, 2021
The Hangzhou-based company behind the world’s biggest mobile payments app will also consider investing in carbon offsets in areas such as forest management.
Brief: Walmart, Tencent join $2.2bn funding for Japanese e-commerce giant Rakuten
March 15, 2021
Rakuten, Japan’s top e-commerce company, entered into a strategic alliance with Walmart in 2018 which saw the pair launch the country’s leading e-grocery service.
Farm-to-factory cold chain platform Xianshenghuo hauls in $93m for Series A round
February 1, 2021
The Chengdu startup can “grow into a benchmark enterprise in the industry” thanks to its tech-led approach to transporting farm produce, said one investor.
EXCLUSIVE: Chinese precision ag platform Kebai secures Series B funds from Auchan owners
January 14, 2021
The Beijing-based startup will use the funding to accelerate its global expansion, partnering with other agrifood businesses in Creadev’s portfolio.
Chinese ag & food delivery giants join $100m+ raise for ‘adaptive robot’ startup Flexiv
January 4, 2021
It’s developing robots with force control that can mimic human dexterity to tackle complex but repetitive tasks in agriculture, foodservice, and logistics.
Alchemy Foodtech closes Thai Union-led bridge round, eyes China expansion
December 21, 2020
The Singaporean startup wants to tackle Asia’s ‘fast-growing diabetes epidemic’ with its specialty ingredients that counter the ill effects of refined carbohydrates.
Xingsheng raises $700m from JD as group buying faces food industry backlash
December 18, 2020
The Changsha-based platform allows communities to band together to purchase fresh produce in bulk. But suppliers and supermarkets say the model’s stealing their business.
Tencent, others plow $15m+ into ag automator FJ Dynamics
December 16, 2020
The Shenzhen-based startup – which produces autonomous rice transplanters, among other things – is also backed by drone company DJI and automaker Dongfeng.
Goldman, Tencent-backed Missfresh banks $306m from Chinese state-linked funds
December 14, 2020
The e-grocer – which was China’s top-funded agrifood startup in 2019 – raised $495 million for its Series F round earlier this year.
Syngenta partners with Sound Ag to launch ‘bio-inspired’ crop input in China
December 11, 2020
The duo will commercialize the US startup’s “green chemistry” product that helps plants use fertilizer more efficiently through microbes.
Maw & more: Avant nets $3m funding to expand cultured seafood range
December 11, 2020
Hong Kong’s Avant will expand its focus beyond traditional Chinese cuisine with new products tailored to Western markets.
Farm produce platform Nice Tuan makes it $450m funding for the year with Alibaba-led tranche
December 1, 2020
It’s the fourth fundraise of 2020 for the Chinese startup, which allows end customers and businesses to team up and purchase produce in bulk from farmers.
EXCLUSIVE: Plant-based, protein-rich & mind-nourishing: Asia’s food trends for 2021 as revealed by AI
November 26, 2020
As 2020 draws to a close, trends identified by Ai Palette suggest that Covid-19 will have a long-lasting impact on Asia’s food preferences.
Chinese drone maker XAG nets $182m funding from Baidu, SoftBank
November 16, 2020
The Guangzhou-based startup offers UAVs for fertilizer and pesticide application, remote sensing, and seeding – and has also branched out into ground-based robots, cameras, and sensors.
Bits x Bites raises $30m for new China fund, backs biotech startup Mojia Bio
November 5, 2020
The Shanghai-based firm has joined the Series A round of Mojia Bio, which synthesizes essential nutrients for human and animal consumption.
Alibaba pays $3.6bn to acquire hypermarket chain in tech-driven ‘new retail’ push
October 23, 2020
Sun Art operates close to 500 stores across China which have been integrated with Alibaba’s food e-commerce platforms Taoxianda and Tmall Supermarket.
Zomato looks to boost balance sheet, plug China gap in advance of IPO with $52m funding
October 16, 2020
The Indian food delivery unicorn is planning to go public in H1 2021.
On #FLWDay, meet the Singapore Food Bowl startups tackling Asia Pacific’s food waste problem
September 29, 2020
To mark International Food Loss & Waste Awareness Day, AFN spoke to three startups who are taking three very different approaches to food waste reduction.
Hong Kong ‘plant-based platform’ Green Monday raises $70m
September 22, 2020
The round was led by The Rise Fund – a unit of US private equity giant TPG Capital – and Swire Pacific, an arm of Hong Kong trading house Swire.
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