Chinese agricultural startup Wangjiahuan has closed a $58 million (RMB400 million)
Series A round of funding led by Global Logistic Properties, a Singapore-based logistics solution provider to develop a blockchain-enabled food quality control platform, reported Deal Street Asia.
In addition, Wangjiahuan will use the funds to build a big data cloud platform that will analyze and collect information to advance logistics and cultivate the company's operations all-over China by establishing warehouse centers using distributed ledger technology (DLT).
“The investment to Wangjiahuan is an important investment for GLP as it helps us to integrate the resources of our food and even logistics portfolio companies to help upgrade and complete the foodservice industry," GLP chief investment officer and Hidden Hill chairman Dong Fanghao was qu...
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