The Beijing Nxin Technology Group Co Ltd., known as Nxin, and founded in 2015, operates an online agricultural platform,known as the Internet of Pig Industry. They offer agricultural data sharing, agricultural products distribution and loans.
As part of their data sharing, they offer a place for farmer's to share information on diseases, medical remedies and general guidance.
The Internet of Pig Industry
Through the Internet of Pig Industry, Nxin has been able to realize a management of digitization, business e-commerce, financial development and industrial ecology for their users.
Their model and data has expanded to include citrus fruits, donkeys, aquatic products, eggs and poultry. They realize cross-border integration of internet and agriculture and are trying to use data to upgrade the pig industry across China.
In September of 2018, Nxin raised the equivalent of $53 million USD. Beijing Junenghesheng Industry Investment Fund and Beijing Shuju Xinrong Investment Management Co., Ltd. led the round. The round valued Nxin at the equivalent of $1 billion USD.
Nxin committed the new funding to an expansion of their operating centers, an iterative development of their products, including an Internet of Pig Industry 3.0, and continuous development of cloud storage.
China's Nxin raises $53 million in Series B financing round
Nxin, a Beijing-based agriculture internet platform operator, has raised 364 million yuan ($53 million) in Series B financing round from Beijing Junenghesheng Industry Investment fund and peer Shuju Xinrong.
Co-Founder, Chairman and Manager