https://www.scmp.com/rss/217155/feed China Mengniu Dairy is a leading dairy product manufacturer in China. With Mengniu as its core brand, the company sells liquid milk products, ice cream, milk formula and cheese. During the 2008 Chinese milk scandal, the company's shares were suspended on the Hong Kong stock exchange and its products pulled from supermarket shelves in the city after powdered milk samples tested positive for melamine, a toxic substance. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Yulu Ao Yulu Ao Hong Kong stocks jumped on Monday, as investors bet the latest adjustment to US tariffs would ease pressure on Chinese exports after a Supreme Court ruling prompted a reshuffling of trade measures. The Hang Seng Index surged 2.5 per cent to 27,081.91 at the close, the biggest gain since January 28. The Hang Seng Tech Index jumped 3.3 per cent, the best increase since January 2. Mainland China’s bourses, which have been closed for Lunar New Year, will reopen on Tuesday. Food-delivery service... https://www.scmp.com/business/china-business/article/3344285/hong-kong-stocks-jump-amid-flight-us-assets-after-latest-trump-tariff-threat?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3344285/hong-kong-stocks-jump-amid-flight-us-assets-after-latest-trump-tariff-threat?utm_source=rss_feed Mon, 23 Feb 2026 01:59:17 +0000 Zhang Shidong,Julie Zhang Zhang Shidong,Julie Zhang Electric-vehicle battery maker Contemporary Amperex Technology (CATL), copper miner CMOC Group and gold jewellery retailer Laopu Gold will join the Hang Seng Index next month following the latest quarterly review, as the compiler of the city’s stock benchmark pushes ahead with its plan to boost the number of constituent stocks after Hang Seng Bank withdrew its listing status. The three companies will be added to the gauge after the market close on March 6. Chinese car dealer Zhongsheng Group was... https://www.scmp.com/business/china-business/article/3343521/catl-cmoc-group-laopu-gold-join-hang-seng-index-latest-quarterly-review?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3343521/catl-cmoc-group-laopu-gold-join-hang-seng-index-latest-quarterly-review?utm_source=rss_feed Fri, 13 Feb 2026 11:39:30 +0000 Yulu Ao Yulu Ao Hong Kong stocks fell on Friday, losing ground for the week, as a sell-off in technology stocks continued and dropping prices for gold, silver and cryptocurrencies rattled investors. The Hang Seng Index lost 1.2 per cent to 26,559.95, marking a 3 per cent weekly loss. The Hang Seng Tech Index lost 1.1 per cent. On the mainland, the CSI 300 Index fell 0.6 per cent and the Shanghai Composite Index slipped 0.3 per cent. Technology heavyweights led losses. Search-engine operator Baidu dropped 2.2... https://www.scmp.com/business/china-business/article/3342582/hong-kong-stocks-plunge-led-mainland-tech-firms-amid-global-sell-gold-crypto?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3342582/hong-kong-stocks-plunge-led-mainland-tech-firms-amid-global-sell-gold-crypto?utm_source=rss_feed Fri, 06 Feb 2026 02:08:07 +0000 Yulu Ao Yulu Ao Chinese companies are stepping up their fundraising activities to shore up liquidity and manage refinancing needs as market sentiment shows signs of recovery in the second half of the year. On Thursday, artificial intelligence firm SenseTime unveiled an agreement to raise HK$2.5 billion (US$318 million) through a share subscription, and dairy giant Mengniu Dairy said it would generate 3.5 billion yuan (US$489 million) through a bond issuance. Those plans came to light a day after UBTech Robotics... https://www.scmp.com/business/china-business/article/3319376/sensetime-mengniu-join-ubtech-wave-chinese-firms-tapping-capital-markets?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3319376/sensetime-mengniu-join-ubtech-wave-chinese-firms-tapping-capital-markets?utm_source=rss_feed Thu, 24 Jul 2025 05:00:41 +0000 Yuke Xie Yuke Xie China’s dairy industry, once a sure bet for investors amid rising incomes and living standards, is nearing the end of a “multidecade boom” as a slowing economy, ageing population and declining birth rates take their toll, according to S&P Global Ratings. Sales of the country’s top dairy firms fell between 9 and 13 per cent in the first half of 2024, according to the report published by the rating agency on Monday. Among them, China Mengniu Dairy reported a 12.6 per cent revenue slump to 44.7... https://www.scmp.com/business/companies/article/3288053/chinas-multidecade-dairy-boom-sours-population-ages-sales-slump?utm_source=rss_feed https://www.scmp.com/business/companies/article/3288053/chinas-multidecade-dairy-boom-sours-population-ages-sales-slump?utm_source=rss_feed Mon, 25 Nov 2024 23:00:11 +0000 Good day, traders -- Alibaba finished its second day of trading with a gain of nearly 3 per cent. The Hang Seng Index finished with small gains, while the Shanghai Composite slid. Catch up on the day's action below. Please help us improve our blog by taking this quick -- under 2 minutes! -- survey. Your feedback will really help us make the blog better for you! Also, if you would like the Live Stocks Blog emailed to you each morning, click here.  -- Zhang Shidong in Shanghai and Deb Price in... https://www.scmp.com/business/markets/article/3039490/hang-seng-index-being-driven-trade-hopes-protest-concerns?utm_source=rss_feed https://www.scmp.com/business/markets/article/3039490/hang-seng-index-being-driven-trade-hopes-protest-concerns?utm_source=rss_feed Wed, 27 Nov 2019 01:13:51 +0000 Good day, traders -- Pro-democracy voters scored a big win Sunday, gaining a majority in 17 of the 18 district councils, in a landslide defeat of the pro-Beijing camp. (Read full SCMP story here.) The results boosted the Hang Seng, as traders hope it will mean the violence of recent protests will subside.  Meanwhile, mainland markets rallied as well. Catch up on the day's action below. Please help us improve our blog by taking this quick -- under 2 minutes! -- survey. Your feedback will really... https://www.scmp.com/business/markets/article/3039154/big-win-hong-kong-pro-democracy-camp-first-elections-protests?utm_source=rss_feed https://www.scmp.com/business/markets/article/3039154/big-win-hong-kong-pro-democracy-camp-first-elections-protests?utm_source=rss_feed Mon, 25 Nov 2019 01:23:53 +0000 Lam Ka-sing Lam Ka-sing China’s consumption expenditure is set to receive a substantial boost from millennials who are willing to spend, with beer, dairy and home appliances sellers seen as the biggest winners from this trend, according to market observers. “Consumers born after the 1980s have become the major buying force in China,” according to a Credit Suisse report written by analysts led by Charlie Chen. “They have a much higher willingness to spend versus the older generation, as evidenced by a Nielsen consumer... https://www.scmp.com/business/companies/article/2115253/eager-spend-millennials-are-new-engines-chinas-economy?utm_source=rss_feed https://www.scmp.com/business/companies/article/2115253/eager-spend-millennials-are-new-engines-chinas-economy?utm_source=rss_feed Fri, 13 Oct 2017 08:52:09 +0000 China Mengniu Dairy, the country’s second largest dairy, plans to team up with e-commerce giant Alibaba Group to serve the online buying demands of young, tech-savvy customers. The company unveiled its digital development plan at a results briefing on Thursday where it said profits for the first half of the year increased 4.7 per cent year on year thanks to rapid growth in its top brands. Chief executive Jeffery Lu Mingfang said it will closely cooperate with Alibaba’s Hemaxiansheng supermarket... https://www.scmp.com/business/companies/article/2109039/mengniu-dairys-profits-first-half-rise-47-cent?utm_source=rss_feed https://www.scmp.com/business/companies/article/2109039/mengniu-dairys-profits-first-half-rise-47-cent?utm_source=rss_feed Wed, 30 Aug 2017 15:30:00 +0000 Potential mergers and acquisitions along with new product development may help China Mengniu Dairy, the second largest player in the country’s dairy market, to generate better profit and income this year after a drop in 2016, according to one analyst. Mengniu’s share price tumbled 6.5 per cent in April after the company reported a 2016 net loss of 751 million yuan (US$109 million), a dramatic U-turn from the 2.4 billion yuan net profit a year earlier. China International Capital Corporation... https://www.scmp.com/business/companies/article/2092685/mengniu-dairy-looks-yoghurt-beverages-acquisitions-and-growing?utm_source=rss_feed https://www.scmp.com/business/companies/article/2092685/mengniu-dairy-looks-yoghurt-beverages-acquisitions-and-growing?utm_source=rss_feed Wed, 03 May 2017 09:44:06 +0000 China Mengniu Dairy, the country’s second largest dairy producer, posted a net loss of 751 million yuan (US$109 million) last year, hurt by intense competition with rivals and heavy losses from its baby milk powder subsidiary. It represents a dramatic fall from the 2.4 billion yuan net profit the company reported in 2015. Excluding Yashili, the company’s baby milk powder subsidiary, Mengniu’s net profit still dropped 27.6 per cent to 1.7 billion yuan from 2.3 billion yuan in 2015, the company... https://www.scmp.com/business/china-business/article/2083400/china-mengniu-dairy-posts-751-million-yuan-loss-milk-powder?utm_source=rss_feed https://www.scmp.com/business/china-business/article/2083400/china-mengniu-dairy-posts-751-million-yuan-loss-milk-powder?utm_source=rss_feed Thu, 30 Mar 2017 08:30:45 +0000 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 Mongolia Yili Industrial. Mengniu will pay HK$6.92 billion (US$892 million) to buy out China Modern Dairy, after an initial HK$1.87 billion bid to raise its stake triggered a mandatory general offer. The... https://www.scmp.com/business/companies/article/2059552/mengniu-pays-hk692-billion-buy-out-chinas-largest-dairy-herd?utm_source=rss_feed https://www.scmp.com/business/companies/article/2059552/mengniu-pays-hk692-billion-buy-out-chinas-largest-dairy-herd?utm_source=rss_feed Thu, 05 Jan 2017 04:46:08 +0000 Singapore state investor Temasek and China-focused private equity firm Hopu were among five investors buying a US$213 million stake in Yashili International after parent China Mengniu Dairy sold down shares to meet Hong Kong listing requirements. Temasek, through one of its Mauritius subsidiaries, Hopu and three individual investors agreed to buy 471.13 million shares of Yashili from Mengniu for HK$3.50 each, putting the total deal at HK$1.65 billion, the dairy companies said in a securities... https://www.scmp.com/business/companies/article/1353230/temasek-hopu-among-buyers-stake-yashili-mengniu?utm_source=rss_feed https://www.scmp.com/business/companies/article/1353230/temasek-hopu-among-buyers-stake-yashili-mengniu?utm_source=rss_feed Mon, 11 Nov 2013 03:19:19 +0000 First-half net profit at China Mengniu Dairy jumped 16.3 per cent to 749.5 million yuan (HK$950 million) as demand for its products grew steadily. The mainland's biggest maker of dairy products has been busy partnering with other firms and streamlining its products in response to Beijing's plan to reform and consolidate the industry in light of a plethora of scandals in recent years. In the first half, the firm initiated the acquisition of milk formula maker Yashili, completed the acquisition of... https://www.scmp.com/business/china-business/article/1300269/mengniu-dairy-taps-rising-demand?utm_source=rss_feed https://www.scmp.com/business/china-business/article/1300269/mengniu-dairy-taps-rising-demand?utm_source=rss_feed Wed, 28 Aug 2013 16:00:00 +0000 The terms of a yogurt joint-venture between China Mengniu Dairy and Danone reflect the mistrust between two parties, analysts say. Hong Kong-listed Mengniu and Danone, a Paris-listed conglomerate, describe the details as legal formalities. Mengniu fears Danone management wants to take control of the business. Danone's track record in China has been that it is very aggressive in taking control of businesses. Danone has a bad track record with joint ventures in China Nomura analyst Emma... https://www.scmp.com/business/companies/article/1296556/mengniu-danones-china-yogurt-joint-venture-terms-reveal-distrust?utm_source=rss_feed https://www.scmp.com/business/companies/article/1296556/mengniu-danones-china-yogurt-joint-venture-terms-reveal-distrust?utm_source=rss_feed Tue, 13 Aug 2013 16:00:00 +0000 The recent decisions by China Mengniu to take over or partner with domestic and foreign dairy companies is a welcome move by one of the country's industry leaders to consolidate in a sector that has yet to recover fully from the 2008 scandal over melamine-adulterated milk. In the last two months, Mengniu has announced it will form a strategic joint venture with French dairy-foods maker Danone, expand its stake in China Modern Dairy and take over baby-formula producer Yashili International. These... https://www.scmp.com/comment/insight-opinion/article/1271877/china-mengnius-steps-consolidate-dairy-industry-are-welcome?utm_source=rss_feed https://www.scmp.com/comment/insight-opinion/article/1271877/china-mengnius-steps-consolidate-dairy-industry-are-welcome?utm_source=rss_feed Sat, 29 Jun 2013 16:00:00 +0000 New Zealand dairy company Synlait Milk plans to raise a total of NZ$120 million (HK$720.2 million) in an initial public offering and share sell-down, ending the majority stake held China’s Bright Dairy. The milk powder processor owned by Shanghai-based Bright, Japan’s Mitsui and Synlait, a private local company, said it was seeking to raise NZ$75 million (HK$450.1 million) in fresh capital. Mitsui and Synlait Ltd will offer a further NZ$45 million (HK$270.1 million) to pay down debts and expand... https://www.scmp.com/business/money/markets-investing/article/1267857/nzs-synlait-milk-raise-nz120m-ipo-share-sell-down?utm_source=rss_feed https://www.scmp.com/business/money/markets-investing/article/1267857/nzs-synlait-milk-raise-nz120m-ipo-share-sell-down?utm_source=rss_feed Mon, 24 Jun 2013 06:53:35 +0000 China Mengniu Dairy's planned takeover of baby formula milk producer Yashili International is an important case to study. It is not about the consolidation of the country's dairy industry but our regulatory regime. On Tuesday, Mengniu said it would buy all the shares of Yashili at HK$3.50 each, 9.4 per cent above the latter's last closing price. That priced Yashili at HK$12.4 billion. The deal shed new light on a surprising and puzzling decision by the Yashili board on May 3 to pay a special... https://www.scmp.com/business/companies/article/1266252/dairy-duo-must-show-someone-not-milking-deal?utm_source=rss_feed https://www.scmp.com/business/companies/article/1266252/dairy-duo-must-show-someone-not-milking-deal?utm_source=rss_feed Fri, 21 Jun 2013 16:00:00 +0000 China Mengniu Dairy soared to the highest level in more than five years after the country's largest dairy producer offered HK$12.5 billion to buy a mainland maker of infant formula. The stock rose 8.8 per cent intraday to HK$29.20 and closed at HK$28.70, up 6.9 per cent. Yashili International, the acquisition target, gained 3 per cent, while the benchmark Hang Seng Index fell 1.1 per cent. Shares in the two companies resumed trading after being halted since June 13. Mengniu agreed to buy 75 per... https://www.scmp.com/business/china-business/article/1264575/yashili-deal-fuels-rally-mengniu?utm_source=rss_feed https://www.scmp.com/business/china-business/article/1264575/yashili-deal-fuels-rally-mengniu?utm_source=rss_feed Wed, 19 Jun 2013 16:00:00 +0000 China Mengniu Dairy struck its third major deal in two months yesterday, paving the way for the company, the country's largest dairy producer by sales volume, to expand into the baby formula segment. Mengniu, with products ranging from milk to yogurt and ice cream, is buying a 75.3 per cent stake in the Hong Kong-listed formula maker Yashili International from chairman Zhang Lidian's family and American private equity firm Carlyle, a filing with the Hong Kong stock exchange said. The vendors can... https://www.scmp.com/business/companies/article/1263867/mengniu-shifts-baby-formula-yashili-stake?utm_source=rss_feed https://www.scmp.com/business/companies/article/1263867/mengniu-shifts-baby-formula-yashili-stake?utm_source=rss_feed Tue, 18 Jun 2013 16:00:00 +0000 Trading in the shares of two Hong Kong-listed mainland dairy firms was suspended yesterday, triggering market speculation about a possible consolidation in the fragmented formula milk market in China. Trading in China Mengniu Dairy, one of the largest milk product manufacturers in mainland China, was suspended at around noon, and within minutes of the announcement on the local stock exchange, trading in Yashili International, one of the top 10 milk formula brands in the nation, was also... https://www.scmp.com/business/china-business/article/1260254/dairy-pair-expected-reveal-milk-deal?utm_source=rss_feed https://www.scmp.com/business/china-business/article/1260254/dairy-pair-expected-reveal-milk-deal?utm_source=rss_feed Thu, 13 Jun 2013 16:00:00 +0000 Shares in China Mengniu jumped more than 10 per cent yesterday after the company said it will introduce the French dairy-foods maker Danone as a strategic shareholder, with the two firms agreeing to set up a yogurt joint venture. The deal boosted investor confidence in the company, based in Inner Mongolia, which is expected to benefit from its new European partner's management experience and product innovation capability, as Mengniu seeks to move on from a series of food safety scandals. For... https://www.scmp.com/business/companies/article/1242267/mengniu-sets-yogurt-venture-danone?utm_source=rss_feed https://www.scmp.com/business/companies/article/1242267/mengniu-sets-yogurt-venture-danone?utm_source=rss_feed Mon, 20 May 2013 16:00:00 +0000 China Mengniu Dairy, the country's largest manufacturer of liquid dairy products, plans to pay HK$3.18 billion to dramatically boost its stake in China Modern Dairy, in an attempt to get a tighter hold of its raw milk supply. The deal, if completed, will make Mengniu the biggest shareholder in the milk supplier, with a 28 per cent stake, and will help Mengniu boost its overall revenue, an analyst said. Mengniu announced in a filing with the Hong Kong stock exchange yesterday that it had agreed... https://www.scmp.com/business/companies/article/1232940/china-mengniu-pay-us410m-modern-dairy-stake?utm_source=rss_feed https://www.scmp.com/business/companies/article/1232940/china-mengniu-pay-us410m-modern-dairy-stake?utm_source=rss_feed Wed, 08 May 2013 06:18:49 +0000 Shares of China Mengniu Dairy gained more than 4 per cent after the leading dairy firm said first-quarter sales picked up following a decline last year. The Inner Mongolia-based company said in an analysts conference yesterday that its revenue had grown year on year since January this year. Gross profit margin is also expected to improve thanks to the launch of new products, better cost control and a rise in retail prices. Mengniu shares rose 4.02 per cent to HK$22 yesterday, against a 0.7 per... https://www.scmp.com/business/china-business/article/1201332/sales-pickup-gives-lift-china-mengniu-dairy?utm_source=rss_feed https://www.scmp.com/business/china-business/article/1201332/sales-pickup-gives-lift-china-mengniu-dairy?utm_source=rss_feed Wed, 27 Mar 2013 16:00:00 +0000 China Mengniu Dairy plans to undertake more quality-control measures, after sales were severely hit by quality-related scandals in the first half of the year. The largest dairy producer on the mainland saw its net profit plunge 18 per cent to 645 million yuan (HK$789.16 million) in the first six months while revenue fell 1.2 per cent to 18.4 billion yuan. The company, based in Inner Mongolia, said sales volume plunged nearly 30 per cent after a government check in December found its milk... https://www.scmp.com/business/china-business/article/1024889/china-mengniu-dairys-earnings-go-sour?utm_source=rss_feed https://www.scmp.com/business/china-business/article/1024889/china-mengniu-dairys-earnings-go-sour?utm_source=rss_feed Tue, 28 Aug 2012 16:00:00 +0000 Keywords: Lonely urban workers, gutter oil, Sinopec, hukou, India, Mengniu   Lonely Chinese V-Day for most young urban labourers More than 60 per cent of migrant labourers born since 1980 will spend today, Chinese Valentine's Day, alone, says a report published yesterday by Daguu.com, a portal news website targetting urban minimum wage readers. The survey, based on answers provided by nearly 19,000 Daguu readers from across China with an average age of 23.6 years, also finds that of those... https://www.scmp.com/comment/blogs/article/1021534/first-thing-china-august-23?utm_source=rss_feed https://www.scmp.com/comment/blogs/article/1021534/first-thing-china-august-23?utm_source=rss_feed Wed, 22 Aug 2012 23:21:11 +0000 The discovery of an unsafe level of a cancer-causing substance in China Mengniu Dairy's milk products in Sichuan sent the stock plummeting 24 per cent yesterday. One of 25 batches of UHT milk from Mengniu's Meishan plant was found with 140 per cent of the permitted level of aflatoxin M1. It was part of a random check on more than 200 samples from 128 dairy plants in October, according to a report released at the weekend by the General Administration of Quality Supervision, Inspection and... https://www.scmp.com/article/988759/china-mengnius-shares-fall-24pc?utm_source=rss_feed https://www.scmp.com/article/988759/china-mengnius-shares-fall-24pc?utm_source=rss_feed Wed, 28 Dec 2011 16:00:00 +0000 Two shareholders of China Mengniu Dairy, the biggest producer of liquid milk on the mainland, are raising HK$1.22 billion in a share placement. Jinniu Milk Industry and Yinniu Milk Industry - majority owned by Mengniu's top management, including chairman Niu Gensheng, who stepped down as chief executive this year - are selling 50.70 million shares at HK$23.75 to HK$24.15 each. Last year Mengniu raised HK$3 billion from issuing new shares to a joint venture established by state-owned food... https://www.scmp.com/article/720837/mengniu-shareholders-hk122b-placement?utm_source=rss_feed https://www.scmp.com/article/720837/mengniu-shareholders-hk122b-placement?utm_source=rss_feed Wed, 28 Jul 2010 16:00:00 +0000 Net hits 485.1m yuan as firm focuses on high-end products China Mengniu Dairy, the mainland's largest milk producer, boosted first-half profit 41.3 per cent and increased its share of the mainland liquid milk market as it sought higher growth from high-end products. Net profit rose to 485.1 million yuan from 343.3 million yuan a year earlier as revenues increased 32.8 per cent to 10.02 billion yuan from 7.55 billion yuan last year. Liquid milk continued to be the company's main driver,... https://www.scmp.com/article/607609/mengniu-profit-surges-41pc?utm_source=rss_feed https://www.scmp.com/article/607609/mengniu-profit-surges-41pc?utm_source=rss_feed Wed, 12 Sep 2007 16:00:00 +0000 China Mengniu Dairy, the country's biggest liquid milk supplier, said first-quarter sales rose more than 20 per cent, although it was still facing falling prices and high raw material costs. Chairman Jiao Shuge said after an annual general meeting yesterday that Mengniu met its internal sales target in the first three months and beat the industry average of 20 per cent. But he said sugar prices soared in the first quarter this year. The competitive dairy market also made it difficult for... https://www.scmp.com/article/553974/mengniu-achieves-sales-target?utm_source=rss_feed https://www.scmp.com/article/553974/mengniu-achieves-sales-target?utm_source=rss_feed Fri, 23 Jun 2006 16:00:00 +0000