Yili invests $42.58 M into new lactoferrin plant in New Zealand

Lactoferrin is a crucial and scarce resource for the dairy industry Yili’s subsidiary Westland Milk Products recently held a groundbreaking ceremony for the construction of its NZD 70 million ($42.58 million) lactoferrin plant at Hokitika, New Zealand. The ceremony was attended by New Zealand’s Trade, Export and Agriculture Minister and MP for West-Coast Tasman, Damien O’Connor;[Read More…]

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Landing pad programme for Singaporean food startups seeking Mainland China market entry

Applications for the first cohort are now open, targeting 2-3 companies per cohort Brinc, a leading venture accelerator with a global sustainability mandate; and Enterprise Singapore (EnterpriseSG), a Singapore government agency championing enterprise development, are launching the Food Technology Programme to provide the tools, expertise, and commercial network necessary to help Singapore-based food technology startups successfully enter[Read More…]

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Hong Kong’s BioMed Technology to enhance gut microbiome management

Thinking beyond probiotics with personalised and total microbiome support BioMed Technology Holdings, Hong Kong’s microbiome startup, has raised $2 million in its latest oversubscribed seed round from Alibaba Hong Kong Entrepreneurs Fund (AEF), Gobi Partners GBA and The International Medical Co. (TIMC). The new funds will allow the company to further research and develop[Read More…]

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Luye Pharma expands accessibility of red yeast rice for cholesterol management in Malaysia

Luye Pharma and Duopharma reach strategic partnership China-based Luye Pharma Group has entered an agreement with Duopharma Marketing Sdn Bhd, a wholly-owned subsidiary of Duopharma Biotech Berhad (Duopharma Biotech), which grants the latter exclusive marketing and distribution rights to a cholesterol management product in Malaysia. Developed by Luye Pharma, the product[Read More…]

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Nisun International explores new expansion in China’s wheat flour market

Nisun International Enterprise Development Group signs agricultural product procurement agreement with Shandong Binliang Industrial Development Co. Nisun International Enterprise Development Group has announced that the company’s controlled affiliate, Fintech Supply Chain Management has entered into a wheat flour sales and purchase agreement with Shandong Binliang Industrial Development Co., a company[Read More…]

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