Chinese eCommerce giant strikes $300 million Montana beef deal that includes packing plant.

November 8, 2017

A Chinese eCommerce 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 under wraps 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.

By TOM LUTEY tlutey@billingsgazette.com

http://missoulian.com/news/state-and-regional/article_b08b2f21-f562-5a03-9d06-5c2fa2077eac.html