Chinese agritech firm XAG announced on Monday the completion of a 1.2 billion yuan ($181.6 million) new funding round led by Baidu Capital, an investment unit of Chinese internet search giant Baidu, and SoftBank Vision Fund 2.
Other investors included Sinovation Ventures, a venture capital firm led by former Google China head Kai-Fu Lee; Guangzhou Yuexiu Industrial Investment Fund Management, a private equity investment platform of Chinese financial services provider Yuexiu Financial Holdings; and government-backed Guangzhou Emerging Industry Development Fund.
