Yunfeng and CITIC PE, a unit of China's CITIC Group Corp , will buy 60 percent of Inner Mongolia Yili Livestock Development Co Ltd, Inner Mongolia Yil

Domestic brands have penetrated their home market more fully than foreign competitors but have done less well overseas, a study found.

Inner Mongolia Yili Industrial Group plans to set up an infant formula facility in New Zealand.

Chinese milk powder makers, including Inner Mongolia Yili Industrial Group Co Ltd (600887.SS and China Mengniu Dairy Co Ltd (2319.HK , are set to get