JD.com enters the pork business
Other tech companies are already stakeholders in hog farms.
By Song Jingli, KrASIA (China)
May 07 2019
Chinese e-commerce giant JD.com has invested in a pig-farming business, Jingqishen, according to a statement released by JD on Tuesday. The companyís name refers to three processes that regulate physical and spiritual health in Taoism. It was founded in 1991 in Changchun, the capital of Northeast Chinaís Jilin province.
As part of the tie-up, JD.com will share some of its technological capabilities with Jingqishen for the pork supplier to build a smart supply chain from farm to table. For example, JDís face recognition technology for hogs will be used to construct profiles for each pig and monitor its growth, while blockchain technology will trace a pig from birth to butcher, and indicate where its meat has ended up for sale. Automated feeding devices and flexible fences will control the pigsí rations.
Neither party has disclosed the dealís financial details.
JD.com isnít the only tech company in China that has poured money into raising pigs.
Chinese gaming company NetEase established a pig farm in Anji county, Zhejiang province, as early as March 2011. The pork from this farm has been used in banquets...
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