NEW YORK — A Chinese company is using the internet to trade pulses and other pulses-based foods online.
The Pulse Trading company said Tuesday it had raised $6.8 million in a Series B round led by a Chinese company and backed by other investors, including Chinese tech giant Huawei Technologies.
It said it has more than 3,000 traders in the US and Canada.
The company, which is based in Shanghai, said it will open a New York office next year.
The USPTO has already banned pulsar imports in some parts of the country, but the company says it has found a loophole that lets it trade in pulses and the seeds of the same species.
The company says its traders sell products like pulses, rice and beans in more than 300 countries, mostly China.
Pulsars are grown on a single acre in a greenhouse in China, and the grains are packed into jars.
They are sold as dried meat, frozen vegetables and spices.