Midea recently revealed that the company's pet brands "Cat Gravity" and "Fluffy & Floppy" will debut at the Pet Expo in May. Last year, Midea opened a pet supplies flagship store in Tmall and launched a cat water dispenser to enter the field of smart pet supplies.

Therefore, it can be seen that smart pet supplies are becoming a new field of capital choice.

According to incomplete statistics, more than 12 smart pet-related companies have been financed. The financing amount of hundreds of millions of Yuan. A report by Guotai Junan Securities points out that the total size of China's pet market is expected to grow from 400 billion yuan to 600 billion yuan in the next four years.