China’s country-wide bid towards agricultural modernisation continues to pave the way for numerous strategic partnerships in the agri-business sector between foreign companies and local players.
Over the past few years, these include but not limited Alibaba Group’s strategic listing of AGCO Corporation’s large farm machinery through the pervasive e-commerce platform Taobao, and Jingdong Group and Japan’s Mitsubishi Chemical Holdings. Recent notable acquisitions also include ChemChina’s aquisition of Syngenta, Shuanghui International’s purchase of Smithfield Foods, and COFCO’s purhcase of Noble Agri and Nidera.