Chu Shijian, 88, has been dubbed by his peers as China’s oldest entrepreneur and seems to have the ability to turn stone into gold. Since 2002, the sprightly businessman has been cultivating oranges in a rugged region of Yunnan province and has seen his orange farm become a financial success. Now, with the help of e-commerce giant Alibaba Group Holding Ltd, Chu is ready to work his magic in Vietnam with the humble pomelo. Last month, he made the first move to expand his fresh fruit business by unveiling Chu’s pomelo online…Full Article: China Daily Nov 2015

Key Point

  • The Vietnamese pomelos are selling for CNY 148 (~US$23) for two, which is approximately five times the price of Chinese pomelos.

ChinaAg Comments

  • During the 2014/2015 harvest season, China was expected to harvest 3.9 million MTs of grapefruit/pomelos. In China, grapefruit/pomelo production primarily takes place in Fujian province.
  • In 2012, China produced 3.8 million MTs of grapefruit/pomelos.

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