Chinese eCommerce giant strikes $300 million Montana beef deal
Chinese e-commerce giant JD.com has struck a $300 million beef deal with the Montana Stockgrowers Association, including $100 million for a new packing plant.
JD.com signed the agreement with Montana's largest livestock organization in mid-October, but kept it quiet until President Donald Trump's visit Wednesday to China. JD.com is the world's third largest Internet retailer, behind Amazon and Google.
Stockgrower's Executive Vice President Errol Rice and Miles City Rancher Fred Wacker were in Beijing for the signing ceremony.
"JD.com is wanting these cattle from the great state of Montana, known for its fresh water and its clean air and tasty, tender beef," Wacker said. "We're now at the point where we go to ranchers and get them signed up."
Read more: http://billingsgazette.com/news/government-and-politics/chinese-ecommerce-giant-strikes-million-montana-beef-deal/article_109ddb3c-90c6-562b-8748-71743ea5d561.html
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