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.

A research note from Credit Suisse says that Chinese brewers will benefit from the free spending habits of young consumers. Photo: AFP

China’s all-consuming millennials drive economy forward

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.