China doesn’t just have the largest population of people, they also lead the world in sheep numbers, with over 175 million tallied in 2013.
Sheep husbandry startups are now moving in to take advantage of a better connected China. These businesses collect a commission by connecting small and medium-sized pastures with individual investors who want to buy sheep. Startups including Yangyangla, Yunfarm, and Emubao, the latter of which closed a 30 million yuan ($4.6 million USD) series A in last November.
Recently-funded Emubao partners with sheep farms allowing users to buy a sheep with 1,000 yuan and monitor the state of the sheep at any time as it grows and is sold. Users can obtain approximately 15% profit in one cycle of 120 days while the sheep farm uses their section of funds to scale up.
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