JD.com, a Chinese eCommerce company, has signed a $300 million agreement with the Montana Stockgrowers Association. Under the terms of the agreement, ranchers will supply $200 million of Montana beef to the company from January 2018 through 2020, reports the Billings Gazette. The Remaining $100 million is meant to be used for the construction of a new slaughterhouse.
The agreement was signed in October but was timed to be announced during president Trump’s visit to Asia this week.