ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

China biodegradable tableware startup secures new funding

Newwayer sees business opportunities in expanding food delivery market

Newwayer supplies cornstarch-based tableware to domestic and foreign food service brands and supermarkets. (Photo courtesy of the company)

BEIJING -- Newwayer Environmental Protection Technology, a Chinese biodegradable material and product manufacturer, raised 30 million yuan ($4.2 million) from SMiT Group in a recent Series A funding round.

Newwayer will use the money to build new production lines to churn out products made from biodegradable materials, including shopping bags and agricultural mulch sheets.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more