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Focus China News Roundup- Issue #35

Every fortnight we compile a list of important news updates and events covering the Chinese FINTECH, MFGTECH, CLNTECH, and AGRTECH sectors.

For a downloadable copy of China’s Issue #35

FINTECH

Ant Group launched a plan to support farmers
Ant Group has announced plans to help farmers sell more of their produce and increase their income. Interest-free subsidies will be provided to reduce the pressure on farmers to buy agricultural materials during spring plowing. Chongqing farmers will first be offered an interest – free spring plowing quota of 2,000 CNY per person.
Alan Wang is the General Manager at Ant Financial

Guan Data completed a B+ round of financing of 100 million yuan
This round of financing was led by Unicorn Capital Partners exclusively. All the old shareholders continue to invest, including Sequoia China, Xianghe Capital, and line Capital. After this round of financing, Guan Data will continue to focus on developing product technology and improving customer service.
Jin Zhang is the Co-Founder at Guandata

Resolink and Tencent Cloud reached a cooperation
Resolink is an IT company invested by China Resources Group. Resolink and Tencent Cloud will explore and cooperate in cloud computing, cyber security, video conferencing, smart cities, the industrial Internet and the Internet of things. The two sides will also set up a cybersecurity laboratory to promote joint research and development of cybersecurity solutions.
Terry Li is the General Manager at Tencent Cloud

JD Group spun off JD Cloud and AI into JD Digital
JD Group has spun off its cloud and artificial intelligence businesses into JD Digital, with a total value of 15.7 billion CNY. The deal will increase JD Group’s stake in JD Digital to about 42%.
Lei Xu s the CEO of JD Retail

Tuniu travel support digital RMB payment
Tuniu Travel has been added to the six major national bank wallets of the digital RMB APP. Digital RMB can be used to pay for Tuniu Travel orders consumption.
Junqing Tan is the General Manager at Tuniu

Hyperchain completed a C round of financing of hundreds of millions of CNY
Hyperchain Technology Co., Ltd. announced the completion of hundreds of millions of CNY of C round of financing, officially entered the ranks of unicorn enterprises. This round of financing was led by the well-known fund Yi Fangda.
Wei Li is the CEO at Hyperchain Technologies

AGRTECH

New Hope Group will build intelligent pig farm
New Hope Group will build the largest intelligent pig breeding base in Beijing. The base set up temperature measuring robot to monitor the temperature of pigs. The automatic clustering system can accurately fed the pigs according to the weight of pigs. Feed conveying and feeding and other processes all depends on intelligent equipment. After harmless treatment, pig excreta become biogas slurry, which can be used to improve soil composition and protect local ecological environment.
Jeff Yu is the General Manager at New Hope Group

State Power Investment Corporation’s first intelligent plant factory has been put into trial production
The project is a hydroponic vegetable plant factory with artificial light source. The high-precision environmental control system set in the plant factory can realize the continuous production of vegetables throughout the year. The intelligent computer and electronic sensing system are used to automatically control the environmental conditions of plant growth, such as temperature, humidity, illumination, CO2 concentration and nutrient solution, so that the growth and development of vegetables in plant factories are not restricted by the external natural conditions

Hunan’s first smart agriculture demonstration base started construction
The base will develop a smart agricultural model suitable for Hunan’s agricultural industry environment. The construction of the base will be carried out in three steps. The first step is to build a digital rice research base to create a standard system for digital rice cultivation. The second step is to establish a digital center to realize scientific planting decisions driven by big data. The last step was to popularize cultivated land in Yuanjiang city.

Jinhua has released a smart agricultural service system
The system is jointly launched by Jinhua Agriculture and Rural Affairs Bureau and Jinhua Branch of Agricultural Bank of China. Optimize and integrate agro-related service of various departments around the four steps, which are planting, management, harvesting and marketing, in the whole planting cycle in the field. Realize checklist management, one-stop management and integrated services. Farmers and government managers can log into the system through the WeChat public account of “One Thing in the Field”.

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