Newwayer sees business opportunities in expanding food delivery market

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. Biodegradable Plates Manufacturers In Bangalore

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.

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

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