In May 2019, Longping Biotech was founded in Sanya with a focus on improving key agronomic traits of important crops like corn through precision biological breeding. The company's registered address is in Sanya, Hainan, and includes more than 1,700 square meters of office and laboratory space as well as about 190 acres of field land for the environmental safety of transgenic corn. The company currently has an ambitious candidate product pipeline, and two of which, LP007 and LW2, have already received approval for field trials. Since the company's founding, it has also received approval for 12 environmental releases and 3 field trials.

The company's founder, Dr. Lv Yuping, holds a degree in plant genetics and breeding from China Agricultural University. He completed postdoctoral fellowships in plant molecular biology at the Shanghai Institute of Plant Physiology, Chinese Academy of Sciences, where he studied under Academician Xu Zhihong, and at the University of Pennsylvania, where he studied under Professor Phil Rea and Academician Joe Ecker. He has held positions as General Manager of the Biotechnology Center of the Dabeinong Group, Chief Scientist of Ceres Corporation in the United States, Operation Director of Syngenta Biotechnology (China) Co., Ltd., and Chief Scientist of Ceres Corporation in the United States. He has a strong background in academia and industry.