FoodChina – An Agribusiness e-Marketplace for Greater China
On September 7, 2000, eight companies including COFCO, DaChan Greatwall Group, ContiGroup, ADM, Rabobank of the Netherlands, Lindemann, AsiaDemand and EC-Soft jointly signed the Shareholders Agreement to set up FoodChina, Inc. to combine their comparative advantages and efforts to develop Asia’s largest agribusiness e-marketplace: FoodChina.com. Subsequently FoodChina received further investments from China Tuhsu, Cargill Asia Pacific, Japan's Marubeni, Sojitz, Kyodo Shiryo and Morita-Raykay, as well as three Taiwan companies --- Uni-President, TTET and Universal Flour Mill. The company now has sixteen shareholders with a total investment of US$8.8 million.
As a leading E-Commerce and professional service provider based in Greater China, FoodChina.com strives to serve the agribusiness communities worldwide, with increasingly improved efficiency and effectiveness. FoodChina now has operation in Taiwan, conducting its business in traditional Chinese and English. FoodChina.com has won numerous awards from government ministries and industry associations for its excellent services. It is the only agribusiness e-marketplace in the region that actually handles real-time online transactions.
Under the leadership of FoodChina's Board Chairman, Mr. Sunbao, and FoodChina's CEO, Mr. Mark HAN (also President of DaChan Greatwall Group), Foodchina has already built up a strong management and professional team for business operations and market development.
Through innovatively utilizing its IT-platforms, FoodChina will continue to mobilize its shareholders’ resources, gain support from leading agribusiness companies, obtain further government endorsement, expand its E-Commerce business models, in order to most effectively serve the agribusiness communities in and outside of Greater China.
Our Business Philosophy is to utilize Business Service Provider (BSP) to innovate E-Commerce business model
FoodChina.com is a B2B e-marketplace based in Greater China with a view to serve the agribusiness communities worldwide. FoodChina.com provides not only an electronic platform for online transactions, but also the BSP business model (Business Service Provider) for the agricultural supply chain. FoodChina.com is quite like a ship navigating in the ocean, people only see the hull and mast from the sea horizon, similar to the simple online transactions appearing to all customers; but the giant ship cabin with full products under the sea is really reflecting our total services specially designed to satisfy all kinds of customers in the agricultural supply chain.
Under the BSP business model, FoodChina.com performs as a service provider to provide real- time services for buyers and sellers at online transactions. These services include market information, technology counseling, material flow support, cash flow and insurance, business management platforms and policy counseling from the government and other associations. Thus, FoodChina.com becomes an Integrated Supply-Chain Manager who has gained supports both from satisfied customers and suppliers through our total services. From now on, we are getting into the global market with a very smooth and fast speed.
Founded in 1949, COFCO is a leading grain, oils and foodstuffs import and export group in China and one of its largest food manufacturers. The company is also very successful in real estate, hotel business and financial services. Fortune magazine lists it as one of the world's top 500 enterprises.
DaChan Greatwall Group
DaChan Greatwall Group, founded in Taiwan in 1958, is the largest agribusiness and animal husbandry company in Taiwan, and is also one of the top two food processing companies in Taiwan and one of the top three meat production companies in mainland China. The Group has direct investments in mainland China, Taiwan, the Philippines, Vietnam, Malaysia and Indonesia, with over twenty operations in mainland China. In mainland China, Taiwan and other Asian markets, DaChan Greatwall Group is one of the leaders in food service, flour milling, animal feed, meat production and edible oils.
Cargill is an international marketer, processor and distributor of agricultural, food, financial and industrial products and services with 85,000 employees in 60 countries. The company provides distinctive customer solutions in supply chain management, food applications, and health and nutrition.
Cargill set up a presence in Singapore in 1974 and has been trading to and from Asia for more than 50 years. Singapore has become the administrative and trading headquarters for the company's Asia Pacific operations which employ more than 13,000 people in 14 countries. It's businesses include the trade and distribution of grains, oilseeds, protein, vegetable oils, financial and ferrous products to customers throughout the world.
EC-Soft, Inc. is a California incorporated global e-commerce software company, with an R&D team in Silicon Valley, and a fully- owned software factory in Beijing, China.
AsiaDemand is headquartered in Los Angeles, and has offices in Beijing, Guangzhou and Hong Kong. Its major shareholder is PeQuot Capital, one of the leading venture capitalists in the high-tech sector.
Lindemann is a private investment company. Lindemann focuses on investments in Asian companies in the process of transformation and restructuring, and has accumulated rich experience in the Asian capital market.
Sojitz Corporation ( http://www.sojitz.com ) is a comprehensive enterprise with 8 branches and 210 subsidiaries in Japan and 64 branches and 420 subsidiaries in the other countries.
Its business scope encompasses foods, materials, textiles, machineries, aerospace, energy, mineral resources, chemistry, plastics, real estate, forest products and new businesses. Guided by the keywords "safety" and "reliability," Sojitz Foods Group has strategically enhanced operations that encompass upstream and downstream activities. It handles raw materials, manufacture or trade of wheat, rice, flour, sugar, soy, rapeseed, maize, milk products, processed foods, canned fruits, frozen vegetables, dehydrated vegetables, feeds, beverages and baked foods.
Sojitz has branches in cities across China, e.g. Beijing, Shanghai, Hong Kong, Harbin, Dalian, Qingdao, Chongqing, Nanjing, Wuhan, Xi'an, Guangzhou, Xiamen and Kunming. Its China business covers raw materials (rice, soy, maize, soymeal, tomato paste, and etc.), meat products (e.g. beef, pork, chicken and sausage) and other products, such as aquatic products, apple juice, processed vegetables, canned fruits, processed aquatic products, instant frozen foods and pet foods.
TTET Union Corporation
TTET Union Corporation , headquartered in southern Taiwan , is the largest soybean crusher in Taiwan . With annual crushing capacity of 1.5 million tons , TTET has been listed in the Taiwan Stock Exchange since 1996（symbol：1232） and recognized as a blue chip at all time . Over its 20-year history , TTET has proven it embraces change , and has seized opportunities to transform its business .Incorporated by Uni-President Enterprises Corp., Taihwa Oil Industries Co., Ltd., DaChan Greatwall Group and Mutsubishi Corporation, TTET and its shareholders cover the entire spectrum of domestic food processing and feed industries.