Abbott, Fonterra Team To Build Milk Farm In China
Abbott and Fonterra have signed an agreement to jointly build a cow breeding base in China.
agriculture
China's Huishan Dairy Teams With Dutch Company For Joint Venture
China's Huishan Dairy Holdings Company Limited and Netherlands' Royal FrieslandCampina N.V. have reportedly entered into exclusive talks for creating a joint venture to produce and sell infant milk formula in China.
China Approves JV Between Mengniu And Danone
Chinese dairy company Mengniu published a report stating that its joint venture project with Danone, which was first raised in May 2013, is now in the process of setting up.
Nestle To Create New Milk Source In Inner Mongolia
The Swiss food and beverage firm Nestle has signed a cooperation agreement with local government of Hulunbeier, Inner Mongolia Autonomous Region, to establish a new milk source zone.
Wal-Mart To Invest CNY500 Million For New Stores In Guizhou Over Next Five Years
The world's retail giant Wal-Mart has announced that it will invest CNY500 million to build new stores in Guizhou's Anshun, Kaili, and Duyun in the next five years.
Bank Aims To Provide Services In China's Rural Areas
China's B2B e-commerce group Alibaba and Shanghai Rural Commercial Bank have reached a comprehensive strategic cooperation agreement to jointly provide services to small- and medium-sized enterprises as well as farmers in rural areas in China.
Walmart Sets Up 29th Agricultural Products Direct Procurement Base In China
In cooperation with Dalian Hongjia, an animal husbandry company that focuses on the production of eggs, Walmart has recently set up its 29th direct procurement base for agricultural products in China.
Standard Chartered Opens Its First Village Bank In Inner Mongolia
U.K.-based Standard Chartered Bank has opened its first village bank, Inner Mongolia Helingeer Standard Chartered Village Bank, making it the first foreign bank to enter China's Inner Mongolia Autonomous Region.
KKR To Invest USD300 Million In China's Milk Industry
According to reports in local media, Kohlberg Kravis Roberts & Co., a private equity firm, has announced plans to invest about USD300 million in China's milk industry.
Wal-Mart Sets Up Vegetable Procurement Depot In Guizhou
Wal-Mart has set up its first vegetable direct procurement depot in the Guiyang Qingzhen Green Vegetable depot, Guizhou Province.