Deal focus: Cloud Farm brings China agribusiness online
Chinese Premier Li Keqiang's "internet plus” policy is an attempt to rejuvenate traditional industries by grafting modern technology onto their tired business models. Agriculture is thought to hold enormous potential for cloud computing and big data, but VC investment opportunities are still at a nascent stage.
Domestic GP Chunxiao Capital is looking to steal a march on the competition, committing nearly RMB100 million ($16 million) in funding to online agricultural products shopping mall Cloud Farm. The two-year-old...
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