Consumer & Categories
Kedi Dairy: Holding 1.7 Billion in Cash Yet Accused of Owing Milk Payments for 19 Months
Kedi Dairy, once famous for its 'Little White Milk' product, is embroiled in a controversy over unpaid milk payments to farmers, owing about 140 million yuan since 2018. Despite having 1.7 billion yuan in cash and paying dividends, the company faces accusations of fund mismanagement and strategic missteps, reflecting the struggles of regional dairy firms under pressure from industry giants.
栾立 陈琼