Capital, Earnings & M&A
Selling Junlebao: 'Adopted Son' May Become 'Rival', Mengniu's 'Double 100 Billion' Goal in Question
After Junlebao goes solo, Mengniu's 'Double 100 Billion' goal faces more uncertainty. On July 1, Mengniu sold all its shares in Junlebao for 4.011 billion yuan in cash, potentially losing nearly 20% of its revenue and gaining a new competitor, casting doubt on its target.
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