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.
36Kr/KrASIA
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)
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