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Agrotools, a leading technology and intelligence company for agribusiness, on June 6 announced that it has raised $21 million through an investment program initiated in 2020, focused on the company's expansion.
Merchants are flocking in record numbers to Pinduoduo, the largest platform for agricultural produce in China.
Farmers in one of China’s main strawberry production areas are expecting increased output after deploying precision technology developed through a smart agriculture competition organized by domestic tech firm Pinduoduo.
Chinese e-commerce giant Pinduoduo (PDD) in 2020 reportedly doubled the gross merchandise value (GMV) of its agricultural sector dealings, exceeding the company’s previous estimate of 250 billion yuan.
Pinduoduo, China’s largest agriculture platform, said it will step up its efforts in promoting digital inclusion and continue to focus on research and development, as the company records a 59% gain in annual orders.