Liuzhou Liangmianzhen, the maker of LMZ toothpaste, reported a profit of 157.6 million yuan for 2016, helped by profits from the sale of a stake in Citic Securities. Photo: Reuters
Daniel Ren
Opinion

Opinion

Across The Border by Daniel Ren

How a popular Chinese toothpaste maker functions like a hedge fund

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Liuzhou Liangmianzhen, the maker of LMZ toothpaste, reported a profit of 157.6 million yuan for 2016, helped by profits from the sale of a stake in Citic Securities. Photo: Reuters
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