industry consolidation

Mengniu Dairy to Buy Stake in Quality Control

Reuters reports on Mengniu Dairy’s deal to buy a sizable stake in China’s largest raw milk producer in effort to gain greater quality control over its milk supply: China Mengniu Dairy Co Ltd’s (2319.HK) deal to...

Chinese Web Video Rivals To Merge

US-listed Chinese online video rivals Youku.com and Tudou unveiled merger plans Monday in a deal worth approximately $1 billion, according to Bloomberg: The proposed deal will strengthen the new company’s ability to compete with...

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