Yili Group Listed Among the 2023 Forbes China Globalization Innovators Selection Top 30 Brands
Source: The DairyNews
Shanghai, January 26, 2024 – Yili Group, a trailblazer in the dairy industry, has secured its position as a leading brand in the esteemed 2023 Forbes China Globalization Innovators Selection.
The award ceremony, held in Shanghai, revealed Yili as the sole dairy company recognized as a Leading Brand, a testament to the company's groundbreaking global strategy that sets a standard for the internationalization of Chinese dairy enterprises.
Earning its place among the Global Dairy Top 5 and standing as the premier dairy brand in Asia, Yili has consistently adhered to the principles of "global mindsets and local operations." By focusing on innovation and internationalization, Yili has positioned itself as a driving force for global expansion in the dairy sector.
With a commitment to a consumer-centric approach, Yili has established a comprehensive network encompassing a global resource system, a global innovation system, and a global market system across well-developed dairy industry regions in Asia, Europe, the Americas, and Oceania. This network is geared towards delivering high-quality products and services worldwide. Yili's popular products, including AMBPOMIAL, Youngfun, Cremo ice cream, Joyday ice cream, and Westgold butter, have gained widespread acclaim on the global stage.
Driven by a pursuit of innovation, Yili has established 15 R&D centers in collaboration with renowned institutions such as Wageningen University and Lincoln University. As of December 2022, Yili ranked second among the top 10 global dairy producers for total patent applications and invention applications.
Yili's commitment to innovation has garnered global recognition. At the 2023 IDF World Dairy Summit, Yili was the sole Chinese dairy producer honored with two IDF Dairy Innovations Awards. Additionally, at the 16th Global Dairy Congress, Yili received nominations for 18 World Dairy Innovation Awards, solidifying its leadership in the industry.
Bolstered by its internationalization strategy, Yili has made history by transitioning fr om being the top dairy company in China to securing a position in the Global Dairy Top 5. In 2023, Yili reported record-breaking revenue of 97.404 billion yuan (approx. USD 13.32 billion) and a remarkable 16.36% growth in net profit to 9.380 billion yuan (approx. USD 1.28 billion) in the first three quarters. Brand Finance's Diary 10 2023 league table further underscored Yili's success, with a 17% year-on-year surge in value, topping the list for the fourth consecutive year.
As a frontrunner in the Chinese dairy industry, Yili remains steadfast in its commitment to enhancing global competitiveness. The corporate vision of becoming the most trusted global healthy food provider propels Yili to create a world wh ere health is universally shared.
Earning its place among the Global Dairy Top 5 and standing as the premier dairy brand in Asia, Yili has consistently adhered to the principles of "global mindsets and local operations." By focusing on innovation and internationalization, Yili has positioned itself as a driving force for global expansion in the dairy sector.
With a commitment to a consumer-centric approach, Yili has established a comprehensive network encompassing a global resource system, a global innovation system, and a global market system across well-developed dairy industry regions in Asia, Europe, the Americas, and Oceania. This network is geared towards delivering high-quality products and services worldwide. Yili's popular products, including AMBPOMIAL, Youngfun, Cremo ice cream, Joyday ice cream, and Westgold butter, have gained widespread acclaim on the global stage.
Driven by a pursuit of innovation, Yili has established 15 R&D centers in collaboration with renowned institutions such as Wageningen University and Lincoln University. As of December 2022, Yili ranked second among the top 10 global dairy producers for total patent applications and invention applications.
Yili's commitment to innovation has garnered global recognition. At the 2023 IDF World Dairy Summit, Yili was the sole Chinese dairy producer honored with two IDF Dairy Innovations Awards. Additionally, at the 16th Global Dairy Congress, Yili received nominations for 18 World Dairy Innovation Awards, solidifying its leadership in the industry.
Bolstered by its internationalization strategy, Yili has made history by transitioning fr om being the top dairy company in China to securing a position in the Global Dairy Top 5. In 2023, Yili reported record-breaking revenue of 97.404 billion yuan (approx. USD 13.32 billion) and a remarkable 16.36% growth in net profit to 9.380 billion yuan (approx. USD 1.28 billion) in the first three quarters. Brand Finance's Diary 10 2023 league table further underscored Yili's success, with a 17% year-on-year surge in value, topping the list for the fourth consecutive year.
As a frontrunner in the Chinese dairy industry, Yili remains steadfast in its commitment to enhancing global competitiveness. The corporate vision of becoming the most trusted global healthy food provider propels Yili to create a world wh ere health is universally shared.
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