China Mengniu Dairy

China Mengniu Dairy Co (HK stock code: 2319) makes dairy products and ice cream in China, and is based in Inner Mongolia. It was founded in 1999 by Niu Gensheng, a former employee of Yili, another Inner Mongolian dairy group. In May 2013, a Danone Group joint venture said it would become a strategic investor in China Mengniu Dairy, with a stake of about four per cent.

Chinese milk producers including Mengniu had been scooping up dairy farms outside the country ever since a 2008 scandal involving melamine-tainted milk dented Chinese consumers’ confidence. Photo: AFP

Mengniu pays HK$6.92 billion to buy out China’s largest dairy herd

Mengniu Dairy, the country’s second-largest dairy producer, said it will pay a 3 per cent premium to market price to buy out an associate that controls China’s largest cattle herd, solidifying its grip on milk supplies amid an intensifying battle for market share with larger competitor Inner Mong