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China Mengniu Dairy, or Mengniu, is China’s second-largest dairy product manufacturer by market share. The company produces a wide range of dairy products, including liquid milk, ice cream, milk formula and other dairy products such as cheese. Liquid milk, composed of milk, milk beverages and yogurt, contributed 88% of Mengniu’s revenue and 98% operating profit in 2020, and captured 28.2% of the Chinese market. In 2020, Mengniu was ranked eighth in the global dairy industry.
Hong Kong, Hong Kong