Just recently, 1.8 Meters Food Technology (Zhejiang) Co., Ltd. has actually acquired administrative licenses for the sale of pre-packaged (routine) food, bulk food (leaving out prepared food), and organic food sales. The licensing authority is the marketplace Supervision Administration of Xihu District, Hangzhou City. 1.8 Meters Food Technology (Zhejiang) Co., Ltd. is collectively held by 1.8 Meters Technology Holding Limited, Hangzhou Dajingtou Twenty-Two Cultural Art Co., Ltd., and 1.8 Meters Enterprise Management (Hangzhou) Partnership Enterprise (Limited Partnership). Jack Ma holds a 99.9% stake in Hangzhou Dajingtou Twenty-Two Cultural Art Co., Ltd.
After stepping down as the Chairman of Alibaba Group Holding LimitedJack Ma’s motions have actually been carefully seen by the public. Just recently, the disclosure of Jack Ma’s series of financial investment actions has actually revealed that his locations of focus are broadening beyond education and philanthropy to consist of farming and food.
SEE ALSO: “Jack Ma did not offer a single share”, Clarified Alibaba Partner
According to Hu Xiaoming, the chairman of 1.8 Meters Technology, the name “1.8 Meters” originates from an initial intent of Jack Ma, the creator of Alibaba Group Holding Limitedto take part in farming. Every mom worldwide hopes that their kids can mature healthy and be taller than 1.8 meters. Presently, seafood items under the 1.8 Meters brand name have actually been released on Freshippo platform. Amongst them, a 330g frozen yellow croaker is priced at 99 yuan (approximatly ＄ 14) per box and Zhoushan Xiasi Archipelago scallops are priced at 29.9 yuan (approximatly ＄ 4.2) for 750g.
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