US Stock Movement | Yimutian Inc. (YMT.US) Successfully Debuts on NASDAQ, Opening Up Over 29%

Stock News08-19

On Tuesday, Yimutian Inc. (YMT.US), China's leading agricultural industry internet company, successfully debuted on NASDAQ, opening up more than 29% at $5.29 per share.

Founded in 2011, Yimutian Inc. has evolved from an initial information service platform into a comprehensive digital agriculture enterprise covering the entire agricultural industry chain. The company has cumulatively served over 56 million users and has received investments from top-tier institutions including Sequoia China, Yunfeng Fund, and DST, establishing itself as a leading enterprise in China's agricultural internet sector.

According to the prospectus, based on 2024 revenue and monthly active merchant numbers, Yimutian Inc. is the largest agricultural B2B platform in mainland China. The company's Yimutian APP digital platform serves as its core business, operating as an internet platform for agricultural product B2B sales and procurement matching. Its primary users include agricultural product brokers at production sites and various bulk agricultural product buyers such as wholesale markets, supermarkets, and e-commerce platforms at sales destinations.

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