Yili to milk efficiencies with supply chain finance initiative
China’s largest dairy producer Yili Group is to launch an online microfinance operation to support its suppliers in remote regions of Inner Mongolia
The treasury at China’s biggest dairy firm, Inner Mongolia Yili Industrial Group, plans to invest RMB300 million (US$44 million) in setting up an online micro-lending supply chain finance initiative in Inner Mongolia aimed at supporting its upstream and downstream suppliers in remote areas.
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