BAL's story with Walmart China, page-10

Mate, there are always competition. When the first IF crisis broke out in China you know what the poor parents did? They fed their babies with wheat flour. Yes, wheat flour, you have not mistaken. In this case, can we say that BAL and A2M are also competing with grain farms?

Of course, babies fed by flour were severely malnutritioned so some of the parents had to revert back to local IF although it's a very dangerous practice.

The bottom line is both companies will do well regardless. Competition and cannibalism do exist but it's insignificant. It might be a little difficult for westerners to truly appreciate the situation facing the Chinese to understand this concept.

JP Morgan Chase does compete with Morgan Stanley to certain extent but nothing stops them being successful simultaneously. Just like Coke zero vs ordinary coke. They both thrive and their fate are more linked together rather than competitors.