China Mengniu Dairy Co Ltd (China Mengniu), a subsidiary of COFCO Corp, is a manufacturer and marketer of dairy products. The company offers a wide range of products including liquid milk, ice cream, milk powder, and cheese. The company markets its products under the brand names of Milk Deluxe, Just Yoghurt, Champion, Yoyi C, Shiny Meadow, Suibian, Mood for Green, Reeborne, and Bellamy’s.

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China Mengniu has undertaken several R&D initiatives, including leveraging global R&D resources to achieve breakthroughs in professional nutrition, launching products like "Antang Shield" probiotic and Sosodaily probiotic powder, and focusing on niche segments such as glycemic control and weight management. The company has also focused on technological breakthroughs in the nutrition and health segment, developed deep-processed products like lactoferrin and micellar casein, and increased cooperation with leading B-end customers. Additionally, the company has invested in innovation to create products tailored to specific populations and functional needs. The R&D unit of China Mengniu is the milk powder business unit, which is responsible for leveraging global R&D resources to achieve breakthroughs in professional nutrition and launching innovative products targeting niche segments. In FY2025, China Mengniu incurred CNY554.8 million on its R&D activities, which, as a percentage of revenue, stood at 0.7%.