Yili

Yili has been unrelenting in its pursuit of worldwide expansion. Apart from acquiring many local companies this year, it has also collaborated with Wageningen University to establish a European Innovation Hub and register its goods on the Indonesian market.

Most importantly, Yili has acquired Chomthana, Thailand's biggest local ice cream firm. Chomthana is Thailand's leading ice cream and frozen food company, having significant operations both domestically and in 13 international countries.

Although neither business disclosed financial information in the acquisition's formal press announcement, Yili previously stated ambitions to acquire 96.5 percent of Chomthana for an original estimate of US$ 80.5 million. Zhang Jianqiu, CEO of Yili, expressed his approval of the purchase, stating that "in advancing Plant internationalization, Yili has always adhered to the principle of 'extroversion, partnership, and win-win' and is committed to the dream aim of ‘making the world healthier.’ Chomthana President Soh Chee Yong voiced similar hope for the firm's future with Yili.

Founded: 1993

Headquarters: Hohhot, Inner Mongolia

Revenue: $1500B

Website: https://www.yili.com/en/index