Crowdfunding has helped boost the business of agricultural companies in the southern island province of Hainan, thanks to a financing firm’s cooperation with local authorities. CreditEase Corp, a leading Chinese peer-to-peer or P2P lending and wealth management company, has worked closely with the Hainan Equity Exchange Center, to provide crowdfunding services to local agricultural companies since last year…Full Article: ECNS.cn Oct 2016

Key Points

  • As a result of crowdfunding, a fresh fruit producer based in Chengmai County, northern Hainan Island, was able to sell honey pomelos at a premium price (CNY 100 or US$14.80 per unspecified quantity) outside the island province.
  • In 2015, annual sales for Sanya Nanlu Industry, a wax apple producer and crowdfunding recipient, totaled CNY 10 million [~US$1.6 million].

ChinaAg Comment

  • Founded in 2009 and headquartered in Sanya, Hainan Island, Sanya Nanlu Industry is a fresh fruit producer whose product line includes wax apples, mangoes, jack fruit, and papayas. The company also sells fruit juice, fruit tea, and wax apple wine.

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