AnPac Bio-Medical Science Acquires Fresh2 Ecommerce Inc

AnPac Bio-Medical Science Co., Ltd. (NASDAQ: ANPC), through its subsidiary Fresh2 Technology Inc., entered into a definitive agreement to acquire Fresh2 Ecommerce Inc., a U.S.-based B2B e-commerce platform connecting Asian food suppliers and supermarkets. The company will purchase 100% of Fresh2 Ecommerce for $2.1 million, payable in newly issued AnPac shares, as part of its initiative to expand into the U.S. food e-commerce and supply-chain market.