Agricultural trading platform operator LiNiu Technology Group – formerly Iao Kun Group Holding Company – has signed a strategic co-operation agreement with Shou Guang Agriculture Logistics Park, according to a company release. The agricultural company, a subsidiary of agricultural wholesale group Dili Group Holdings, is located in Shougang, China, and operates a market for vegetables and fruit, and agricultural products as well as an e-business…Full Article: Macau Business Daily Aug 2017

Key Point

  • As a result of the agreement, LiNiu Technology Group will distribute agricultural products from the Shouguang Agricultural Product Logistic Park via its e-commerce platform.

ChinaAg Comments

  • In March 2010, a consortium led by Blackstone Group purchased a 30% stake in China Shouguang Agricultural Product Logistics Park, one of the country’s largest wholesale agricultural market operators. The city of Shouguang, Shandong province, is a major vegetable producer (~8-10 million metric tons/year) and supplies approximately 1/3 of the vegetables consumed in Beijing and Shanghai. Shouguang Agricultural Product Logistic Park operates as a subsidiary of Dili Group Holdings, which in turn is owned by the family of Dai Yongge (i.e. Chairman of the Hong Kong-listed Renhe Commercial Holdings: HKG:1387).
  • Incorporated in 2007 and headquartered in Guangzhou, Guangdong Province, LiNiu Technology Group (NASDAQ:LINU) operates and manages the agricultural e-commerce platform LiNiuYang (launched in April 2017).

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