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...
This news article comes via , who is the copyright owner of this information and news. FintekAsia.com has licensed the rights to this article and any republication or re-distribution in whole or in part of this content is strictly prohibited without the express consent of China Money Network