China Mengniu Dairy Company Limited is an investment holding company that manufactures and distributes dairy products under the MENGNIU brand in the People's Republic of China, the Chinese Mainland and internationally. It operates in five segments: Liquid Milk Business, Ice Cream Business, Milk Formula Business, Cheese Business, and Others. The Liquid Milk Business offers ultra-high temperature milk, milk beverages, yogurt, and fresh milk, while the Ice Cream Business manufactures and distributes dairy-based ice cream. The Milk Formula Business manufactures and distributes milk powder, and the Cheese Business manufactures and distributes cheese. The Others segment manufactures raw materials for daily products and engages in trading, and the company also produces and sells organic food and formula products for babies and toddlers, sells raw materials, and provides commercial factoring and financing guarantee services. Founded in 1999, the company is based in Causeway Bay, Hong Kong.