Sequoia Capital China
【Chief Talk】Can Tech Companies Succeed in the World of Food Industry?
Tech companies desire more than success in the digital world. They are evading other industries and starting new competitions. The food industry is the new target. You must have noticed these expected competitors in every aspect of the food industry chain: agriculture, product development, and retail. AI Lab from Tencent collaborated with agricultural experts to build Autonomous Greenhouse, a blueprint for agriculture; JD.COM introduced its own brand, "Made by JD," by leveraging its channels and consumer data; Buhler Group developed NutriRice to help people fight malnutrition; when Whole Foods was acquired by Amazon, the e-commerce tech giant, food retailers need to review the game with giants and reflect on how to upgrade their technical strategy, brand communication, and distribution model. Tech companies have joined the game. Food giants, follow suit or not?
Xing Liu, Partner of Sequoia Capital China. He focuses on investments in TMT and consumer sectors. Mr. Liu has led and participated in Sequoia's investments in Vipshop, Alibaba, JD.com, ZTO Express, Ant Financial, JD Digits, Ziroom, Tuhu, Shuhai, Klook, Luojisiwei, Baicizhan, PurCotton, Urban Revivo, Dingdong, Xianfeng Fruits, Today CVS, 7 Days, Ali Picture and a number of other TMT and consumer companies. Prior to joining Sequoia in 2007, Mr. Liu had nine years of working experience at Merrill Lynch (Asia), Xerox and a Silicon Valley enterprise software start-up company in investment banking, technology R&D, software development management and strategic consulting functions. Mr. Liu received his MBA from The Wharton School of the University of Pennsylvania, M.S. degrees in Computer Engineering and Telecommunication and Network Management from Syracuse University and B.S. degree in Management Information Systems from Fudan University.