Nice Tuan nets another $80m amid China’s fresh food group-buying hype
July 29, 2020
It’s one of several online group-buying platforms for fresh produce in China that has raised major funding from investors in recent months.
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Tag: China
Tencent, Goldman Sachs pump $495m into Chinese e-grocer MissFresh
July 23, 2020
MissFresh was the highest-funded agrifoodtech startup in China last year, raising $700 million in a debt round from a local government-linked fund, according to AgFunder research.
Chinese food delivery giant pumps $14m into robot maker PuduTech
July 7, 2020
PuduTech and Meituan Dianping will collaborate on robotics and catering digitization, and explore opportunities in “localized lifestyle services.”
Alibaba tie-up brings Beyond Meat to Chinese shoppers
July 2, 2020
For the first time, home cooks in China will be able to purchase Beyond Meat’s plant-based products off the shelf, starting with Alibaba’s ‘new retail’ supermarket chain Freshippo.
Syngenta restructures, rebrands, and relaunches after taking $5.6bn Chinese biz on board
June 18, 2020
CEO Erik Fyrwald previously told AFN that Syngenta’s takeover by ChemChina “gives us the freedom for increased investment around seeds and crop protection.”
‘Instant delicacies’ brand Baijia Food raises $28m in Series B funding
June 15, 2020
The Chengdu company is part of China’s booming trend in ‘new convenience foods,’ with online marketing channels such as livestreaming driving 55% of its sales.
Chinese produce platform Tongcheng Life closes $200m Series C round led by livestreaming firm
June 11, 2020
The Suzhou-based startup allows customers to group-buy fresh produce directly from farmers by placing orders via WeChat or local stores.
Beyond Meat teams up with KFC, Pizza Hut, and Taco Bell in China expansion
June 2, 2020
The US company had earlier partnered with Starbucks to offer its plant-based products in the country, while KFC previously trialed alt-protein from Cargill.
Nestlé enters Asian plant-based protein market with $103m China investment
May 27, 2020
The Swiss multinational plans to build a factory producing plant-based foods in Tianjin, joining a growing list of alt-protein businesses setting up shop in the country.
Tencent backs Tim Hortons as China’s tech-driven coffee wars come to a boil
May 12, 2020
The Canadian icon will ramp up its expansion in China and improve its digital capabilities with a helping hand from the Shenzhen-based tech giant.
China’s Sysco wannabe Lehe Food raises $56m in Series C round
May 11, 2020
The Guangzhou-based startup raised a total of $29 million across two rounds last year. On-demand giant Meituan Dianping co-led the latest fundraise.
Alibaba invests $6m in Hong Kong plant packaging startup Ecoinno
May 8, 2020
Ecoinno wants to offer a ‘third way’ between traditional, petroleum-based plastics, and bioplastics produced from non-naturally occurring polymers.
Cargill unveils PlantEver plant-based brand for Chinese consumers, expands B2B offering
May 4, 2020
PlantEver is the name under which the US agribusiness giant’s fake meat will be marketed to Chinese shoppers, starting from the end of June.
Plant-based proteins “didn’t benefit” from China’s Covid-19 meat shortages, study says
April 30, 2020
A new study suggests that plant-based proteins didn’t make much of an impression on Chinese consumers as meat supplies ran dry.
Starbucks enters China’s agrifood investment scene with Sequoia Capital partnership
April 29, 2020
The US coffee chain and Sequoia China will make “strategic co-investments” in emerging, tech-driven food and retail startups “created in China, for China.”
Cargill trials plant-based protein in KFC China as battle for Asian domination heats up
April 28, 2020
KFC Plant-Based Chicken Nuggets go on sale today for a limited period, as Cargill and other alternative protein makers jostle for pole position in Asia.
Bira’s $30m Sequoia-led round shows India is ready for premium, tech-led F&B brands
April 27, 2020
Bira is one of a new crop of premium food, beverage, and restaurant brands in India and China that are garnering interest from tech VCs.
Beyond Meat enters China for the first time via Starbucks partnership
April 21, 2020
Products from Hong Kong’s Omnipork and Sweden’s Oatly will also debut at some of the coffee chain’s 3,500-plus stores throughout the country.
Chinese tech’s ‘Big Three’ BAT invested in agrifood deals worth $640m in 2019, a decline on 2018
April 6, 2020
The BAT group of companies may have invested less in agrifood startups in 2019 than in previous years – but they’re still betting big on the sector.
These two tests for African swine fever could help pigs continue to fly
April 6, 2020
Flying efforts to bring pigs into China and other importing countries could be thwarted by increasing Covid-19-related travel and export restrictions making testing technologies even more important if the pork industry wants to survive the continued spread of the deadly ASF virus.
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