China LiNong International Ltd., a Chinese producer of high-end green vegetables, has raised an undisclosed amount of VC funding. SIG China Investment led the round, and was joined by Walden International, Sequoia Capital China and PreIPO Capital Partners.
Walden International (WI), a leading global venture capital firm, announced today an investment in China LiNong International Limited (“China LiNong”). The Company focuses on the production of high quality green vegetables targeting the mid- to high-end
market and selling through hypermarket channels such as Wal-Mart.
China LiNong was founded in March 2004 by Mr. Ma Shing Yung. With extensive experience and considered a visionary by his colleagues, Mr. Ma currently focuses on China mainland domestic demand, although some products are already being exported to Hong Kong and Japan. Already profitable, China LiNong presently operates 16,000 mu of farming land with an expansion plan essentially doubling over the next two years. Mr. Ma commented, “Today is a fast developing economy and China LiNong has an innovative concept to become a household name enterprise in
SIG China Investment One, Ltd. led this financing round; other co-investors included Sequoia Capital China and PreIPO Capital Partners Limited.
About China LiNong International Limited
China LiNong is a corporation of agricultural business that implements standardized cultivation and processing procedures. China LiNong's farmlands are in non-contaminated high quality natural resource areas with production bases from the south to the north of