Forbon Stock Leaps on Plan to Help JD.Com Get to Grips With Digital Agriculture
Tang Shihua
DATE:  May 25 2020
/ SOURCE:  Yicai
Forbon Stock Leaps on Plan to Help JD.Com Get to Grips With Digital Agriculture Forbon Stock Leaps on Plan to Help JD.Com Get to Grips With Digital Agriculture

(Yicai Global) May 25 -- Shares in Hubei Forbon Technology, China’s biggest fertilizer additive maker, jumped today after it unveiled plans to help e-commerce behemoth JD.Com with its plans to research digital agriculture technology.

Forbon stock [SHE:300387] was up 5 percent at CNY9.02 (USD1.26) as of 2.38 p.m., after hitting the 10 percent up limit early in the morning session.

Forbon and an affiliated controlled by its chairman will work with a firm set up by JD.Com founder Richard Liu to produce digital production plans for a number of JD.Com farms across China, Forbon said in a statement after markets closed on May 22. These plans include custom planting schemes and standardized management of the farms, as well as making everything they produce traceable and developing a fast-response system for consumers.

JD.Com’s farms are run by partners that receive financial and technological support from the e-commerce platform, which benefits from having close relationships with reliable agriculture suppliers.

Editor: James Boynton

 

Follow Yicai Global on
Keywords:   Business Partnership,Digital Agriculture,JD.Com,Forbon technology