Meicai, a Chinese agricultural produce mobile platform provider, intends to secure approximately $500 million in financing.
Meicai expects to use the projected funds to fuel growth and boost its market share in the food sourcing market.
More so the company is seeking to achieve a valuation of between $10 billion and $12 billion.
In 2018, Meicai had received around $800 million in funding, valuing the company at $7 billion.