Yimutian Inc. and BC Technology Join Forces for Agri-Tech Growth
Strategic Partnership for Agricultural Advancement
Recently, Yimutian Inc., a major agricultural digital service company in China, and BC Technology (Hong Kong) Limited established a strategic alliance. This collaboration aims to leverage the strengths of both companies in agricultural resources and digital asset services for a comprehensive approach toward advancing the agricultural sector.
Digital Transformation in Agriculture
The partnership is set against a backdrop of significant growth potential in the Real-World Asset (RWA) market. A BCG report projects that this market could surpass $16 trillion by 2030. The agricultural sector, in particular, is ripe for exploration, with many dormant assets waiting to be unlocked using technology to improve financing and asset management.
Yimutian, recognized as the largest agricultural B2B digital service enterprise in China, has been at the forefront of integrating digital technology within the agricultural sector. With a vast network reaching nearly 60 million users across over 2,800 counties, Yimutian's platform encompasses all aspects of agricultural operations—from cultivation and procurement to sales—covering more than 15,000 types of agricultural products.
Innovative Areas of Focus
This partnership with BC Technology is expected to target three key areas to redefine the connection between agriculture and digital asset management:
Cross-Border Payment Solutions
One of the primary focuses will be enhancing cross-border payment mechanisms. The two entities intend to explore compliant digital payment solutions that streamline cross-border transactions. Yimutian is preparing to acquire digital assets valued at no less than $12 million through BC Technology's platform, a move aimed at optimizing trade capital flow for agricultural products globally.
Development of Agricultural RWA Products
In terms of product innovation, Yimutian plans to offer high-quality agricultural products, such as rare Chinese medicinal materials and precious seedlings, for digitization. BC Technology will contribute its expertise in technology and platform services, forming a dedicated team to ensure the design and compliance of RWA products. As eligible products are developed, they will be made available to international investors, creating pathways for agricultural assets to enter the global capital market, thereby enhancing their value and facilitating circulation.
Exploring New Business Scenarios
The collaboration is also aimed at uncovering new business scenarios within the digital landscape. By merging the agricultural industry with digital technology, both companies plan to address market demands through innovative solutions in areas like international order-based cultivation and procurement strategies.
Driving Digital Evolution in Agriculture
Jinhong Deng, CEO of Yimutian, expressed optimism about the partnership, stating that the agricultural trade landscape is at a pivotal point for digital transformation. This collaboration is seen as a means to couple agricultural resource expertise with cutting-edge digital technology. The ultimate objective is to enhance the operational efficiency of cross-border agricultural initiatives while unveiling new avenues for asset valuation.
This partnership represents a significant shift in how traditional agricultural assets are perceived and utilized in the international market. By employing an RWA framework, the collaboration seeks to construct a streamlined value realization pathway—from the field to the global capital market. This approach promises to enhance global agricultural production, circulate products more effectively, and unearth value through technological application. Yimutian Inc. aims to champion the principle of "Making every acre of farmland more valuable via technology and industry know-how" across various global regions.
About Yimutian Inc.
Yimutian Inc. has carved its niche as a leading agricultural B2B platform in mainland China. With over a decade of commitment to digitizing agricultural supply chains, the company strives to enhance the transactional processes of agricultural products, ensuring transparency, security, and efficiency throughout.
Contact Information
For further inquiries, connect with Yimutian Inc. through their Investor Relations Department at +86-10-5708-6561 or via email at ir@ymt360.com.
Frequently Asked Questions
What is the main goal of the partnership between Yimutian Inc. and BC Technology?
The partnership aims to enhance digital transformation in global agricultural trade by leveraging core strengths in agriculture and digital assets.
What areas will this strategic alliance focus on?
The collaboration will focus on cross-border payment solutions, the development of agricultural RWA products, and exploring new business scenarios integrating agriculture and digital technology.
How will the cooperation affect agricultural asset management?
The cooperation aims to digitize agricultural assets, making them more accessible to international investors and enhancing their market potential.
What does Yimutian Inc. specialize in?
Yimutian Inc. is dedicated to digitalizing the agricultural product supply chain in China, improving transaction efficiency, transparency, and security.
How can I get more information about Yimutian Inc.?
For more information, you can visit their official website or contact their Investor Relations Department directly.
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