https://www.scmp.com/rss/41159/feed Yili Group is a privately owned company based in Inner Mongolia that processes and manufactures dairy products, including milk powder, sterilised milk and fresh milk under the Yili brand. It was an official sponsor of the 2008 Olympics. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Alice Yan Alice Yan Some Chinese and foreign stars and celebrities have trended on mainland social media in anticipation of the Lunar New Year, as their names or their Chinese translations sound similar to the word “horse” in Mandarin. An unexpected sensation is British actor Tom Felton, known for portraying a villain in the Harry Potter series. He has gone viral in China in recent weeks, with images of his character, Draco Malfoy, appearing in many homes and offices as festive decorations, according to Chinese... https://www.scmp.com/news/people-culture/china-personalities/article/3342994/china-and-foreign-stars-names-sounding-chinese-character-horse-gain-popularity?utm_source=rss_feed https://www.scmp.com/news/people-culture/china-personalities/article/3342994/china-and-foreign-stars-names-sounding-chinese-character-horse-gain-popularity?utm_source=rss_feed Tue, 10 Feb 2026 06:00:08 +0000 Aidan Jones Aidan Jones To stand out among the dizzying array of sweet treats that pack supermarket freezers from the likes of Haagen-Dazs and Ben & Jerry’s, an ice cream brand needs more than just flavour, says Thai entrepreneur Danupon Umnouypreechakul. It needs a story that sings. His company, Lamoon Group, is a boutique made-in-Thailand contender in an industry of global heavyweights. Its unique approach connects each flavour to the farmers who grow the ingredients, offering increasingly discerning – and higher... https://www.scmp.com/week-asia/economics/article/3331264/how-thailand-melted-tariff-barriers-become-asias-top-ice-cream-exporter?utm_source=rss_feed https://www.scmp.com/week-asia/economics/article/3331264/how-thailand-melted-tariff-barriers-become-asias-top-ice-cream-exporter?utm_source=rss_feed Mon, 03 Nov 2025 01:20:21 +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 A row is brewing between China’s two largest dairy producers over sponsorship rights for the 2022 Winter Olympics in Beijing, underscoring what’s at stake for corporate branding in the biggest winter sporting event on earth. Inner Mongolia Yili Industrial Group, China’s largest milk company and exclusive dairy products sponsor of the 2022 Winter Games, is threatening to pull its sponsorship after accusing its smaller rival China Mengniu Dairy of buying its way into the marketing campaign and... https://www.scmp.com/business/companies/article/3015425/chinas-yili-and-mengniu-spar-over-sponsorship-status-2022-winter?utm_source=rss_feed https://www.scmp.com/business/companies/article/3015425/chinas-yili-and-mengniu-spar-over-sponsorship-status-2022-winter?utm_source=rss_feed Thu, 20 Jun 2019 22:00:08 +0000 People’s Daily, the official mouthpiece of China’s ruling Communist Party, has warned content providers that “rumours cannot possess peoples’ minds,” and called upon all “internet participants” not to create rumours or believe in speculation, amid Beijing’s broad drive recently to tighten control over online content. People’s Daily cited a recent court verdict in Hohhot, Inner Mongolia, where two WeChat public account bloggers were sentenced to between eight months and one year in prison for... https://www.scmp.com/tech/article/2170148/communist-partys-mouthpiece-china-slams-online-rumours-two-wechat-bloggers?utm_source=rss_feed https://www.scmp.com/tech/article/2170148/communist-partys-mouthpiece-china-slams-online-rumours-two-wechat-bloggers?utm_source=rss_feed Thu, 25 Oct 2018 06:15:44 +0000 State-owned Chinese dairy company Yili Group publicly accused its former president, Zheng Junhuai, of embezzling public funds and defaming the company on Wednesday, saying he was protected for more than a decade by his close ties to government officials. The company said it submitted a report on Tuesday to the Central Leading Group for Inspection Work appealing “for justice”. Yili made the claims in a statement published on Weibo, China’s Twitter-like service, as well as on its official website... https://www.scmp.com/news/china/society/article/2170056/chinese-dairy-giant-yili-says-former-corrupt-boss-sheltered?utm_source=rss_feed https://www.scmp.com/news/china/society/article/2170056/chinese-dairy-giant-yili-says-former-corrupt-boss-sheltered?utm_source=rss_feed Wed, 24 Oct 2018 13:01:57 +0000 China’s biggest maker of dairy products, Yili Group, said it plans to take a majority stake in Fauji Foods, a unit of a Pakistani fertiliser manufacturer, in a bid to expand its overseas presence. In a company filing on Tuesday, the Shanghai-listed company said it has submitted a letter of intent to acquire a 51 per cent stake in Fauji Foods, which is engaged in the processing and marketing of dairy products, juices and jams in Pakistan. It did not disclose any financial details about the... https://www.scmp.com/business/china-business/article/2157854/chinese-dairy-giant-yili-moves-pakistan-escape-ghost-milk?utm_source=rss_feed https://www.scmp.com/business/china-business/article/2157854/chinese-dairy-giant-yili-moves-pakistan-escape-ghost-milk?utm_source=rss_feed Wed, 01 Aug 2018 23:33:13 +0000 Shares of China’s top dairy maker Yili Group jumped by 10 per cent on Thursday, after video footage showing the company’s chairman and CEO Pan Gang attending its annual shareholder meeting in his first high-profile public appearance recently, squashing rumours that the chairman had been taken away for investigation. In a short video posted Thursday by Chinese media Sina Finance on Weibo – China’s equivalent of Twitter- Pan was seen stepping on stage in a black suit and white shirt- the... https://www.scmp.com/business/china-business/article/2148686/chinas-top-dairy-maker-yili-group-sees-shares-rocket-10pc?utm_source=rss_feed https://www.scmp.com/business/china-business/article/2148686/chinas-top-dairy-maker-yili-group-sees-shares-rocket-10pc?utm_source=rss_feed Thu, 31 May 2018 10:24:42 +0000 The CEO and chairman of China’s largest dairy firm, Yili Group, will miss the Boao Forum for Asia because of ill health, the company said late on Saturday, amid rumours he had been taken away for investigation. Pan Gang was expected to take part in a panel discussion on Tuesday at the annual event, which opened on Sunday in the southern Chinese province of Hainan and will be attended by President Xi Jinping. A company statement said that Pan, 48, suffered from a congenital heart problem known as... https://www.scmp.com/news/china/economy/article/2140776/chinas-top-dairy-firm-says-ceo-too-ill-attend-asias-davos?utm_source=rss_feed https://www.scmp.com/news/china/economy/article/2140776/chinas-top-dairy-firm-says-ceo-too-ill-attend-asias-davos?utm_source=rss_feed Sun, 08 Apr 2018 08:15:45 +0000 Inner Mongolia Yili Industrial Group, China’s biggest dairy company, is competing to buy Stonyfield, the largest American producer of organic yoghurt, in its first overseas acquisition to expand the range of its dairy products. Yili is vying with Dean Foods Co. of Texas in buying Stonyfield in a deal estimated at US$850 million, although the Chinese company is considered the front runner because it’s offering a more favourable pricing, according to people familiar with the matter. Yili said in a... https://www.scmp.com/business/companies/article/2094000/yili-us850m-bid-buy-us-yoghurt-producer-stonyfield?utm_source=rss_feed https://www.scmp.com/business/companies/article/2094000/yili-us850m-bid-buy-us-yoghurt-producer-stonyfield?utm_source=rss_feed Thu, 11 May 2017 12:40:16 +0000 Inner Mongolia Yili Industrial Group Company has announced a 4.6 billion yuan (US$679 million) takeover of China’s largest producer of organic milk, and issued new stock to create a so-called poison pill to ward off a potential hostile takeover from its third-largest shareholder. Yili said it would issue 9 billion yuan worth of new shares to acquire four new investments, including a 37-per cent controlling stake in Hong Kong-traded China Shengmu Organic Milk. The issuance will dilute the stake... https://www.scmp.com/business/companies/article/2039516/yili-buys-chinas-largest-organic-milk-producer-issues-poison-pill?utm_source=rss_feed https://www.scmp.com/business/companies/article/2039516/yili-buys-chinas-largest-organic-milk-producer-issues-poison-pill?utm_source=rss_feed Mon, 24 Oct 2016 05:47:20 +0000 Following in the footsteps of Microsoft co-founder Bill Gates and Berkshire Hathaway chief Warren Buffett, Niu Gensheng, founder of China Mengniu Dairy, has donated all his remaining equity interests - worth about HK$1.42 billion - to charity. The Hong Kong-listed dairy firm said yesterday that Niu had finished donating all his equity interests in Mengniu. He will manage the donation through Hengxin, a charitable trust that he recently set up. Niu was one of 50 Chinese business leaders and... https://www.scmp.com/article/734354/hk142b-gift-completes-mengniu-founders-share-bequests?utm_source=rss_feed https://www.scmp.com/article/734354/hk142b-gift-completes-mengniu-founders-share-bequests?utm_source=rss_feed Wed, 29 Dec 2010 16:00:00 +0000 China Mengniu Dairy, the mainland's largest milk producer, suspended trading of its shares yesterday as it awaits the results of government tests on all its products after a chemical blamed for infant deaths was found in its baby formula. Mengniu was among 22 major dairy producers whose products tested positive for melamine, which is being blamed for the deaths of at least three babies and sickening more than 6,000 on the mainland. The company would recall all related products, suspend its ... https://www.scmp.com/article/653033/largest-milk-producer-suspends-share-trading?utm_source=rss_feed https://www.scmp.com/article/653033/largest-milk-producer-suspends-share-trading?utm_source=rss_feed Wed, 17 Sep 2008 16:00:00 +0000 Some small and medium-sized dairy producers on the mainland are set to disappear after the central government issued a clear policy encouraging consolidation in the industry, experts and analysts say. Hailed as the first specific policy guideline for the industry's development, the statement from the National Development and Reform Commission revealed earlier this month that it aimed to groom a group of big milk makers with annual sales reaching 2 billion yuan (HK$2.26 billion) each by... https://www.scmp.com/article/641721/small-dairy-firms-go-ndrc-stirs-industry-shake?utm_source=rss_feed https://www.scmp.com/article/641721/small-dairy-firms-go-ndrc-stirs-industry-shake?utm_source=rss_feed Sun, 15 Jun 2008 16:00:00 +0000 Mainland food and beverage stocks sank yesterday after Beijing imposed curbs on their prices to combat rising inflation, and analysts said investors would continue to be unnerved by potential further measures. The National Development and Reform Commission on Wednesday capped prices on a range of products including grain, meat, milk, edible oil, eggs and liquefied petroleum gas. It requires 12 major food and beverage companies including Tingyi (Cayman Islands) Holdings Corp, China Foods, Inner... https://www.scmp.com/article/623373/food-and-drink-stocks-dive-price-curbs?utm_source=rss_feed https://www.scmp.com/article/623373/food-and-drink-stocks-dive-price-curbs?utm_source=rss_feed Thu, 17 Jan 2008 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 producer of liquid milk, is buying the remaining 48 per cent stake it does not own in a Wuhan venture for 134.4 million yuan to expand in central China. Mengniu wanted to buy the stake in Mengniu (Wuhan) from its indirect subsidiary, Wuhan Frealth Dairy, Hong Kong-listed Mengniu said. The net loss attributable to the 48 per cent Mengniu (Wuhan) holding was 4.3 million yuan last year, while the stake's net asset value was 68.6 million yuan at the... https://www.scmp.com/article/587932/mengniu-buys-out-unit-expansion?utm_source=rss_feed https://www.scmp.com/article/587932/mengniu-buys-out-unit-expansion?utm_source=rss_feed Thu, 05 Apr 2007 16:00:00 +0000 Inner Mongolia Yili Industrial Group, China's biggest maker of dairy products by sales, plans to spend 376 million yuan on a new factory in Sichuan province. The plant would have production capacity of 430 tonnes of milk, 150 tonnes of yogurt and 260 tonnes of ice cream per day, Yili said yesterday. The company said construction would be completed in 12 months. The project's internal rate of return, a measure of its profitability, would be 12.31 per cent, Yili said. Competition... https://www.scmp.com/article/559690/yili-industrial-spend-376m-yuan-factory-sichuan?utm_source=rss_feed https://www.scmp.com/article/559690/yili-industrial-spend-376m-yuan-factory-sichuan?utm_source=rss_feed Tue, 08 Aug 2006 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 Dairy giant eyes hubei Inner Mongolia Yili Industrial Group, China's biggest dairy products maker, plans to spend 579.8 million yuan on facilities to process milk, ice cream and yogurt in Hubei province in central China, the company said in a statement yesterday. shun tak floor for sale US investment fund GRA is selling an office floor in Shun Tak Centre East Tower for about $200 million - $7,741 per square foot - more than double its investment of $98.17 million six years ago when it paid... https://www.scmp.com/article/549341/brief?utm_source=rss_feed https://www.scmp.com/article/549341/brief?utm_source=rss_feed Thu, 18 May 2006 16:00:00 +0000