Property News · May 13, 2020

Homebuilder China Vanke to move into pig farming as property market takes a nosedive


When the going gets tough, China’s property developers have been known to get creative, diversifying into more profitable industries. Evergrande Group, for example, famously jumped into the electric car business two years ago, pledging to take on the likes of Tesla.Now China Vanke, the nation’s third-largest homebuilder, is poised to make an even more unlikely move: into pig farming.According to job vacancies advertised on its website, Vanke is planning to breed 250,000 pigs a year as it aims…

Source : South China Morning Post
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