Lei Jun-Backed Shunwei Targets China’s Vast Agricultural Tech Sector

Shunwei Capital, co-founded by Lei Jun, CEO of smartphone maker Xiaomi Inc., has backed some of China's coolest start-ups, including wearable makers Misfit and Huami Technology. The US$1.9 billion investment vehicle now has its eyes on a more down-to-earth sector: agricultural tech.

Since 2014, Beijing-based Shunwei has studied over 300 agricultural tech start-ups and invested in over a dozen of them. These companies operate across a range of sub-sectors, including financial services, logistics, supply chain management and even a company using drones to spray fertilizer. Each of these markets is potentially worth trillions of RMB, Shunwei recently stated in a post on its Wechat account.

Shunwei is betting on a trend supported by the Chinese government, whi...

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