date:Feb 21, 2014
a long-running dispute over a joint venture that had descended into litigation.
Mengniu has an 18.8 percent share of China's dairy market, according to Euromonitor. The closer tie-up with Mengniu, whose largest shareholder is China's state-owned COFCO, gives Danone better access to a large, nationwide distribution channel - and places it closer to the ear of China's watchful regulators.
Danone doesn't have strong sales channels coverage and is not good at marketing in China. In those segments