On September 15, during the 2024 China International Fair for Trade in Services (CIFTIS), the Fengtai Foreign Open Development Promotion Conference, hosted by the Beijing Municipal Bureau of Commerce and the Fengtai District People’s Government, was held at the National Convention Center. LYDODO, a core platform under IBI, was invited to participate and signed a major strategic cooperation agreement.

Promoting International Cooperation and Regional Advantages

As one of the key events in Fengtai District at CIFTIS, the promotion conference, themed “Open Innovation Services, Co-creating a Prosperous Future for Fengtai”, gathered leaders including:

• Jiang Zengwei, Chairman of the Global Service Trade Alliance
• Zhang Geping, Director of Beijing Customs
• Pu Xuedong, Secretary and Director of Beijing Municipal Bureau of Commerce
• Wang Shaofeng, Secretary of Fengtai District Party Committee
• Chu Junwei, Deputy Secretary and District Mayor of Fengtai
• Dumitru Belacich, Ambassador of Moldova to China

As well as IBI representatives:

• Ji Jingjing, CEO of LYDODO
• Sun Zheng, GM of LYDODO Coffee Industry Chain
• Zhao Yingjie, Assistant to CEO

The event aimed to accelerate Fengtai’s internationalization, enhance openness and international cooperation, and showcase Fengtai District’s advantages in foreign development.

Coffee Procurement Strategic Agreement

At the event, discussions focused on digital economy, smart urban agriculture, and cultural tourism. IBI’s Beijing Duonong Digital Technology Development Co., Ltd. (a wholly-owned subsidiary of LYDODO) signed a coffee procurement project agreement with Uganda NC Coffee Company.

Driving Pan-Agricultural Digitalization and Global Expansion

Fengtai District officials highlighted that as a National Comprehensive Demonstration Zone for Expanding Service Industry Opening, Fengtai serves as a crucial platform for Beijing’s trade connectivity and openness. Future plans include aligning with international trade and business rules to further enhance its global openness, establishing Fengtai as a “golden card” connecting Beijing to the world.

Leveraging Fengtai’s strategic location and strong policy support, LYDODO and its subsidiaries are actively building a pan-agriculture digital ecosystem, innovating grain and oil supply chains, and integrating digital and intelligent management across the entire production-to-consumption process. These efforts aim to expand the international development of grain and oil industries, contributing to Beijing’s high-level opening-up.