Greenland Group, China’s largest real estate company, is planning to launch a range of seafood products from the South Korean island province of Jeju through its huge network of retail outlets, which include boutique supermarkets, online shops and hotels. The Shanghai-based State-owned firm signed a deal on Monday [12 January 2015] to initially import around 15 million yuan ($2.42 million) of products a year, with Jeju Governor Won Hee-ryong. A statement from the company said that figure is expected to rise to 250 million yuan [~US$40 million] a year as other products from Jeju are added, such as cosmetics, health foods and fresh agricultural goods…Full Article: China Daily Jan 2015

Key Points

  • Greenland Group is also negotiating with Australian agribusiness companies to acquire food, dairy, and wine interests.
  • Evergrande Group, a rival real estate company (fifth largest by sales in China), is also diversyfing its portfolio and includes investments relating in grains, dairy, livestock, and bottle water.

ChinaAg Comments

  • In October 2014, Evergrande Group launched an infant formula product line following its acquisition of New Zealand dairy producer Cowala Dairy Ltd. The company also stated their intent to construct a dairy factory in mainland China.
    In September 2014, it was announced that Alibaba (via Taobao) may join forces with Evergrande Group to develop agricultural e-commerce in northeastern China.
  • A real estate firm founded in 1997 and headquartered in Guangzhou, Evergrande Group also markets organic rice and edible oils within China.

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