Tag Archives: Modern Dairy

News Digest: September 25, 2013

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The following press releases and media reports about Chinese companies were carried on September 25. To view a full article or story, click on the link next to the headline.
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  • Suning (Shenzhen: 002024) In Advanced Talks To Buy PPTV For $400 Mln – Source (Chinese article)
  • Microsoft, BesTV (Shanghai: 600637) to Invest up to $237 Mln in China Venture (English article)
  • US Solar Group Offers Proposal To End US-China Panel Dispute (Group announcement)
  • KKR, Modern Dairy (HKEx: 1117) To Build Large Scale Farms in Shandong (Businesswire)
  • Alibaba Launches Taobao C2C Service In Singapore (English article)

Mengniu Drives Needed Dairy Consolidation

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Mengniu swallows Yashili

Mengniu’s (HKEx: 2319) new announcement of its third major tie-up in the last month marks the latest step in an important and necessary consolidation for a battered Chinese dairy sector that has been in turmoil for the last 5 years. This kind of retrenchment, which includes a healthy dose of participation by foreign firms, is exactly the kind of medicine that China needs to restore consumer confidence to its fragmented and often unruly food sectors. Read Full Post…