Vanke Starts Pig Farming

Global Times: With pork prices elevating, real estate giant China Vanke builds hog farms

Property developer China Vanke Co has posted a recruitment notice for hog-raising talent, a move which confirmed market rumors that the Chinese real estate giant is going to follow in the steps of some of its peers, like Evergrande, to raise hogs.

According to the recruitment notice, Vanke is recruiting people for several hog-raising related positions including veterinarians, pig farm managers and construction application specialists. The staff will work for Vanke's food business division.

The recruitment has confirmed market speculation that Vanke is broadening its business avenues to raise hogs, since Vanke's chairman reportedly asked Liu Yonghao, chairman of agribusiness company and hog-raising giant New Hope Group how much money Liu made in raising hogs in 2019.