News & Market
A social enterprise concerned with agricultural and land issues.
Enterprise/business philosophy and objectives of the founder
News & Market was co-founded by Hsiao-fei Feng in 2011 and is the first news platform in Taiwan that combines being a channel for smallholder crops with a focus on food, farming and environmental issues. In addition to focusing on various agricultural issues, it is also committed to providing healthy agriproducts to the public, providing diversified purchasing channels to consumers, and ensuring they have a deeper understanding of the food they eat.
History of development/business model
News & Market has two main businesses: agricultural reporting and smallholder crop sales.
When it comes to its reporting, the “News” aspect, the main focus is on agriculture, the environment and food. Using investigative reports, it aims to arouse public concern related to food issues. In addition to producing news, News & Market also invites experts from all walks of life to express their own ideas on the platform. The “Market”, on the other hand, manages an online smallholder grocery store which allows small farmers that hold the same green ideas to join and sell both agricultural and processed products, such as soybeans, red beans, sesame seeds, flour and noodles.
In addition, News & Market has also started an offline business. It has already opened a physical store in Taichung called “News & Market Base”, allowing it to have further contact and exchange with consumers.
Creating social value/mitigating social problems
News & Market’s in-depth discussion and investigation of environmental issues has allowed more people who are concerned about agricultural issues in Taiwan to access information about the food they are eating via its platform. At the same time, it is also directly supporting the crops and products of trustworthy smallholders.