Chinese billionaire Jack Ma considers investing in Uruguay’s meat sector

Photo: An Insight, An Idea with: Jack Ma. By: World Economic Forum Source: Flickr

The founder of Alibaba, Jack Ma, made a three-day private visit to the Sol铆s Meatpacking Plant in Lavalleja, Uruguay, according to business sources confirmed by El Observador. Although he did not engage with national authorities, a commercial secretary from the Chinese embassy in Uruguay reportedly accompanied the billionaire. Blasina & Asociados first reported Ma’s visit and speculated that he came to “talk business.”

While representatives from the Uruguayan meat sector expressed surprise over Ma’s visit, they noted that several Chinese business groups have visited the country in recent years to explore investment opportunities. The Solis Meatpacking Plant, which Ma visited, is authorized to export to the United States, the European Union, Japan, Israel, and Russia, and has several Chinese companies among its clients, according to the National Meat Institute (INAC).

Top Headline:

El Observador. (2023, 22 de marzo). Jack Ma, el creador de Alibaba, visit贸 un frigor铆fico uruguayo y analiza invertir en el sector c谩rnico

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Infobae. (2023, 23 de marzo). Jack Ma visit贸 un frigor铆fico en Uruguay y aseguran que analiza invertir en el sector c谩rnico.