AgFunder：2018中国农业及食品初创企业投资报告（英文版）(36页).pdf

1、Y EY E A A R R I I N N R R E E V V I I E E WW 18 I N V E S T I N G R E P O R T China AgriFood Startup See our portfolio companies: Our in-house technology enables us to invest globally and at scale and helps us make smarter investment decisions. Through our media and research platform, AgFunder hasb

2、uilt a community of over 60,000 members and subscribers, giving us the largest and most powerful network in the industry to help us support our portfolio companies and get them in front of decision makers. AgFunder is a global Venture Capital platform Are you a Corporate, Startup, or Investor? Learn

3、 how to get engaged We invest in bold, exceptional entrepreneurs transforming our food and agriculture system CHINA AGRIFOOD FUNDING REPORT: YEAR REVIEW 2018 | AGFUNDER.COM 3 Our China Report Partner Bits x Bites is Chinas pioneer food tech VC, investing in early-stage startups tackling global food

4、system challenges. It targets companies innovating across the food supply chain, from farming, production, distribution and logistics, to consumer goods and food services. CHINA AGRIFOOD FUNDING REPORT: YEAR REVIEW 2018 | AGFUNDER.COM 4 China Macro Trends 2018 INTRODUCTION Cooling Economy as Backdro

5、p After an impressive 30-year growth run, Chinas GDP growth rate dropped to 6.6% in 2018 down from a high of 14.2% in 2007. With the governments de-leveraging and the trade war with the US, total growth in retail consumer goods sales fell below 10% for the first time since 20031. Against this backdr

6、op, venture capital investment at the earliest stages decreased across industries 10.8% by number of deals and 3.4% in total investment year-over-year2. However, investment in agrifood technology startups in China continued to grow in 2018. Consumer Market Divides and Grows Middle class consumers in