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At the end of this month, a plant-based meat substitute producer with headquarters in the United States will complete construction of its first factory in China, which is due to start production early next year.

At this year’s event, the companies making pitches were scale-ups, rather than start-ups. Hoogwerf said the event focused on start-ups last year but that “was actually a little bit too much for these people to swallow, so we think that the idea of scale-ups is potentially a much better way of doing it”.

At present, Leshi's largest shareholder Jia Yueting holds 1.024 billion shares of the company, which account for 25.67 percent of its total shares.

At the moment, the company provides a full range of app-based transportation options for over 450 million users nationwide, including taxis, express and premier options, car rental, enterprise-focused and bike-sharing services. With over 21 million drivers and car owners, the Didi platform offers 25 million daily rides.

At the expo, which is being held in Chongqing, IMDA is leading a delegation of more than 40 Singapore tech companies to explore business opportunities.