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Food & Beverage

IPO crowns Feihe as China's homegrown baby milk champion

Formula maker overtakes foreign rivals like Danone with top-end offerings

SHANGHAI -- After 57 years of churning out milk, China Feihe has found the formula for success.

The infant milk producer, whose shares are set to begin trading in Hong Kong on Wednesday following a 6.7 billion Hong Kong dollar ($856.1 million) initial public offering, has emerged as a domestic champion able to take the fight to global market leaders like Nestle and Danone.

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