Ding Lei raises pigs and Jack Ma raises dairy cows
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China's ranches have become a hot spot for various capitals. Reporters learned yesterday that Alibaba Chairman Jack Ma has also begun to invest heavily in the cattle breeding industry; at the same time, Huaxia Livestock has just received a huge amount of financing. Jack Ma invests in Yili Ranch Reporters learned from Yili yesterday that Yunfeng Fund, co-founded by Jack Ma, and CITIC Industrial Investment Fund will participate in the investment in Yili's subsidiary livestock company. Investors will increase the capital of the livestock company in cash with a total of no less than RMB 2 billion in US dollars to obtain 60% of the equity, and Yili will hold 40% of the equity of the livestock company after the capital increase is completed. Yili said that this cooperation will continue to improve the company's raw milk supply guarantee system capabilities in the long run, increase the intensity of ranch construction, expand and optimize the layout of milk source bases and resolve the increasing pressure of ranch investment funds, concentrate resources on the main business, and further improve the company's profitability. It is understood that Yunfeng Fund was established in 2010. The founders are Jack Ma and Yu Feng, the founder of Juzhong Media. The company name is also taken from the names of the two founders. GIC invests in Huaxia Livestock In addition to Yili Ranch, Huaxia Livestock in Sanhe, Hebei Province has also received a large investment recently. Singapore Government Investment Corporation (GIC), a sovereign investment fund, said on the 2nd that the consortium formed by the company and regional private equity fund Taishan Investment will jointly invest US$106 million in Huaxia Livestock, which is positioned in the Chinese high-quality milk source market. Among them, GIC will invest US$70 million, Taishan Investment will inject US$30 million, and other investors such as Dahe Capital will invest US$6 million. Taishan Investment has previously invested in Huaxia Livestock, and with this additional investment, it has invested a total of US$108 million, making it the largest shareholder of Huaxia Livestock. It is understood that Huaxia Livestock is the milk supplier for Costa Coffee Shops in China, and the company also produces its own brand of milk "Wonderful". Background Milk source ranches have become the core of industry competition In fact, the competition for China's raw milk market has always been extremely fierce. In February this year, Bright Dairy announced the introduction of RRJCapital, a well-known private equity investment fund in Asia Pacific, as a strategic investor. RRJ will increase its capital in Holstein Farming by US dollars equivalent to RMB 1.525 billion in cash. After the capital increase is completed, RRJ will hold a 45% stake in the joint venture. In September 2013, private equity giant KKR announced that it would jointly build two large dairy farms in China with CDH Investments and Modern Dairy, with a total investment of approximately US$140 million. "The Chinese dairy market has attracted various capitals to enter, and they all believe that the Chinese dairy market will have explosive growth in the future, and milk sources will become the core of competition," commented Shen Meng, executive director of Xiangsong Capital. Judging from the fact that Jack Ma's fund invested in Yili, Jack Ma is optimistic about the development of the domestic dairy market and Yili's strong foundation as the industry leader. As a winner of Toutiao's Qingyun Plan and Baijiahao's Bai+ Plan, the 2019 Baidu Digital Author of the Year, the Baijiahao's Most Popular Author in the Technology Field, the 2019 Sogou Technology and Culture Author, and the 2021 Baijiahao Quarterly Influential Creator, he has won many awards, including the 2013 Sohu Best Industry Media Person, the 2015 China New Media Entrepreneurship Competition Beijing Third Place, the 2015 Guangmang Experience Award, the 2015 China New Media Entrepreneurship Competition Finals Third Place, and the 2018 Baidu Dynamic Annual Powerful Celebrity. |
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