Yili eyes more moves into overseas market

Dairy producer looking at acquiring new assets to consolidate global position

China's biggest dairy producer, Inner Mongolia Yili Industrial Group Co Ltd, said it plans to further move into overseas markets in the next three to five years.

Last year, Yili achieved sales of 60.6 billion yuan ($8.78 billion), and net profit of 5.67 billion yuan, the latter up 21.8 percent year-on-year. In the first quarter of 2017, its net profit reached 1.74 billion yuan.