Jack Ma has established a new aquatic food company in Jiangsu, China, with a registered capital of 10 million RMB. The company, named Yimiba Aquatic Food (Gaoyou) Co., Ltd., will focus on aquaculture, seedling production, and retail of aquatic products. This venture is backed by Yimiba Ocean Technology (Zhejiang) Co., Ltd., a subsidiary of Jack Ma's Yimiba, and another shareholder, Xu Guoxiang. AI
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RANK_REASON The article discusses a business venture unrelated to AI, falling outside the scope of AI news.