On December 18, Hu Xiaoming, a former partner of Alibaba and former CEO of Ant Group, posted on Weibo that 1.8 Agricultural Technology Company was officially established, with him as chairman and chief quality control officer. Regarding the name of the "1.8 meters" company, Hu Xiaoming said that this stems from Ma Yun's original intention to participate in agriculture, and all mothers in the world hope that their children can grow up healthily and be more than 1.8 meters tall.
At the same time as the brand was released, "One Meter Eight" also brought two new products: "One Meter Eight Fresh Mussels" in Zhoushan Shengsi Islands and "One Meter Eight Raw Frozen Yellow Croaker" in Wenzhou Nanji Islands, which have been launched on Hema and Tmall.
According to Qichamao, 1.8 Meters Technology (Zhejiang) Co., Ltd. currently has six shareholders, of which 1.8 Meters Technology Holding Limited is the actual controller, holding 80% of the shares; The second largest shareholder, Hangzhou Dajingtou Ershi No. 2 Culture and Art Co., Ltd., holds 10% of the shares, while Ma Yun holds up to 99% of the company's shares. Therefore, 1.8 meters of marine technology (Zhejiang) is considered to be a new investment trend of Jack Ma.
- Aquaculture production
Aquaculture on the mainland is one of the fastest-growing industries in China's agricultural structure. The output of aquatic products in mainland China mainly comes from aquaculture, and aquaculture production has maintained a steady growth from 2018 to 2020, and preliminary statistics show that aquaculture production in 2021 is close to 54 million tons.
From 2014 to 2020, the output of marine aquaculture in mainland China gradually increased, and the output of marine products in mainland China was 21.3531 million tons in 2020, and from 2014 to 2020, the output of freshwater aquaculture first increased and then decreased, and the output of freshwater products in 2020 was 30.8889 million tons.
-- The apparent consumption of aquatic products continued to rise
With the rapid development of e-commerce of agricultural products, the circulation channels of aquatic products continue to expand, and drive the growth of consumption. After the apparent consumption of aquatic products in China exceeded 50 million tons in 2016, the apparent consumption of aquatic products in China began to decline significantly in 2017, mainly due to the reduction of freshwater aquaculture area, and the apparent consumption of aquatic products in China continued to rise from 2017 to 2021, and the apparent consumption of aquatic products in China in 2021 was close to 52 million tons.
Zheshang Securities Research Report pointed out that the aquaculture industry cycle is expected to usher in a recovery and the improvement of the upstream cost side. Historically, the price of aquatic products has the characteristics of a four-year cycle, and the last cycle reached a high point in July 2021, and the downward cycle has gone through more than two years. Referring to the historical cycle, 2024 is expected to usher in economic recovery. In 2023, the market for freshwater and special aquatic products will be poor, which is expected to make the production capacity withdraw from the market and usher in a boom recovery in 2024.
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