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Tencent invests in DJI-backed agritech startup FJ Dynamics

Back in 2018, Tencent pledged to put more focus on endeavors as traditional manufactures in China increasingly tapped engineering to boost productivity. The firm’s industrial assignments wander from applying AI to screen medical personas to building customer management tools for retailers on its WeChat messenger.

Most recently, Tencent invested in FJ Dynamics, a Chinese startup selling agricultural automation mixtures such as smart tractors and rice transplanters as well as unmanned vehicles for ports and plants to purchasers around the world. The fund from Tencent and other undisclosed investors amounted to” hundreds of millions of yuan” ($ 1= 6.55 yuan ), Tencent said in an announcement on Tuesday.

Founded 2017, FJ Dynamics has connected to several big-name business in China. Among its shareholders are drone creator DJI and Dongfeng Asset Management, a Chinese state-owned automaker, according to the firm’s business registration filing. There are clues in its call, too: FJ is short for “Feng” and “Jiang” in Chinese, which are taken from the Chinese spelling of Dongfeng and DJI respectively. Its benefactor and chief executive officer Wu Di also applauded from DJI, where he worked as the director scientist and headed research and development in chips.

FJD Affordable and Mass-produced Agri-robots. It is not an expensive demo. They support sustainable business for farmers on earth. The succession of FJD smart agri-machines includes tractor, transplanter, harvester, etc .. Learn more: https :// t.co/ XvMZpBFI7G #AgriRobot #Smartfarm #FJD

— FJ Dynamics (@ FJDynamics) February 26, 2020

Interestingly, DJI has also been making a strong push into agricultural dronings itself in recent times.

” Our society is turning to improve productivity, which leads in raise opportunities for enterprise services ,” said Jeffrey Li, controlling partner of Tencent’s speculation group, at a addres in April.” In the U.S ., a significant amount of venture capital and private equity fundings go towards enterprise-focused firms; but in China, enterprised-focused professions take up only a small share of administers compared to consumer-facing business. The centre to manufactures takes time .”

Registered in China, FJ Dynamics claims to have R& D middles in China, Sweden, and the Netherlands.

Read more: feedproxy.google.com

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