Never realised how big some of the china-based milk companies are...plenty have valuations of $2B+
Yili (30% owned by Alibaba) partnered up with US Dairy, Mengniu with Danone, Huishan with Royal FrieslandCampina often the partnerships are for expertise.
40,000 cows and $50M cash for a market cap of $150M. Crazy.
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