BEIJING -- China's XAG, a smaller rival of drone maker DJI Technology, said it will accelerate expansion in key foreign markets including Japan, South Korea and Australia as it sees opportunity in raising productivity in the farming industry, which faces an acute labor shortage.
In a recent interview with the Nikkei Asian Review, XAG co-founder Justin Gong said he expects sales from abroad to grow to half the group's revenue from the current one-fifth over the next two to three years. The company, whose core business is developing drones and drone technology for agricultural purposes, partnered with German pharmaceutical Bayer in 2018 to break into Japan and had planned to open 100 service locations in Australia this year.
