China's biggest retail company, Dalian Wanda, announced on December 2 that it will make a move into pig husbandry by investing 1 billion yuan ($163 million) in Southwest China's Guizhou province.
The investment will be used for pork production, and pork products will be sold at Wanda's retail chain stores and authorized stores.
Dalian Wanda Group Corporation is a Chinese conglomerate company with activities in real estate, tourism, hospitality, retail and entertainment. It was founded in Dalian, Liaoning, and is now headquartered in Beijing.
As of June 16, 2014, Dalian Wanda owned 88 Wanda Plazas, 55 five-star hotels, 1,247 cinema screens, 78 department stores and 84 karaoke centers throughout China.
According to Wanda, the project in Guizhou will help create more than 10,000 job opportunities. Wanda will also set up an education fund to support Guizhou's vocational education.
