Junlebao Dairy Co Ltd, a leading yogurt producer in northern China, said it started selling its baby formula product in Hong Kong on Monday [8 August 2016] after two years of sales in the mainland’s market. Its Baijinzhuang baby formula will be sold in the city at the price of 176 yuan ($26.42) for each can, the same as in the mainland, the company said…Full Article: China Daily Aug 2016
- In 2015, China’s milk powder sales revenues totaled an estimated CNY 80 billion [~US$12.7 billion], with Junlebao accounting for under CNY 1 billion [~US$159 million].
- Founded in 1995 and headquartered in Shijiazhuang, Hebei Province, Shijiazhuang Junlebao Dairy is one of China’s leading yogurt producers. Its product lines includes yogurt cups, yogurt beverages, liquid milk, pudding, and infant formula. In August 2015, the company signed the D20 Summit’s Beijing Declaration. In March 2014, Junlebao was granted an infant formula production license. In September 2013, the company signed a cooperation agreement COFCO Group.