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Tencent invests in DJI-backed agritech startup FJ Dynamics
Back in 2018, Tencent pledged to put more focus on enterprises as traditional industries in China increasingly tapped technology to boost productivity. The firm’s industrial projects range from using AI to screen medical images to building customer management tools for retailers on its WeChat messenger.
Most recently, Tencent invested in FJ Dynamics, a Chinese startup selling agricultural automation solutions such as smart tractors and rice transplanters as well as unmanned vehicles for ports and factories to clients around the world. The funding from Tencent and other undisclosed investors amounted to “hundreds of millions of yuan” ($1= 6.55 yuan), Tencent said in an announcement on Tuesday.