Market Insight | Mengniu Dairy Industry rises nearly 3% as the company reaches a comprehensive strategic cooperation with JD Group-SW

China Mengniu Dairy Company Limited rose nearly 3%, as of the time of publication, it rose by 2.73% to HKD 12.76, with a turnover of HKD 75.9879 million. On the news front, according to an official announcement from Mengniu Dairy Company's official WeChat account, on September 11, Mengniu Group reached a comprehensive strategic cooperation with JD.com-SW. Both parties have clearly stated that they will strengthen the depth and breadth of cooperation in all channels and various industry end businesses over the next four years, aiming to achieve a cooperation target of 30 billion RMB. They will also jointly promote cooperation projects such as warehouse network transformation, co-creation of marketing, new product development, localized supply chain, support for farmers, and public welfare cooperation