SoftBank-backed Chinese agtech major XAG eyes breakeven by end-2024

SoftBank-backed Chinese agtech major XAG eyes breakeven by end-2024

Photo from XAG's official WeChat account.

After shelving its domestic listing plan, Softbank-backed Chinese agtech startup XAG has identified global expansion and revenue boost as two of its main focuses for the next two years.

XAG, which has raised at least $230 million in total financing from investors like Softbank Group Corp’s Vision Fund 2, Baidu Venture, and Chengwei Capital, plans to make expanding its global footprint a key focus, co-founder Justine Gong told DealStreetAsia.

Edited by: Pramod Mathew

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