Feng Xing Milk

Fengxing Milk is a Chinese dairy company and consumer brand based in Guangzhou, Guangdong Province. The business is associated with the development of Guangzhou’s modern dairy industry and has supplied milk to consumers, institutions, and schools in Guangdong. Although Fengxing Milk Co. was established in 1952, its commercial roots are traced to Sheng Kee Dairy, which began operating in Guangzhou in 1927. This historical continuity makes Fengxing one of the city’s oldest dairy names. The company’s early postwar identity was formed through the establishment of Fengxing Condensed Milk Factory in 1952. In 1968, Fengxing combined with Sheng Kee Dairy and operated what was described as the largest dairy farm in southern China at that time. The integration helped consolidate production and farm operations under a recognizable local dairy enterprise. Fengxing later expanded beyond Guangzhou’s retail market. In 1984, it entered into a supply agreement with Hong Kong’s Kowloon Dairy, under which Fengxing continuously supplied milk to Hong Kong. The relationship developed further in 1994 through the creation of Kowloon Dairy (Guangzhou) Limited, a joint venture between the two companies. Fengxing also participated in the establishment of a joint venture with Danone in 1987. That venture was subsequently sold to Bright Dairy, illustrating the company’s involvement in the restructuring and internationalization of China’s dairy sector during the reform era. The company’s operating model has included dairy farms in and around Guangzhou, manufacturing, and distribution. Its products are associated primarily with milk, condensed milk, yogurt, and other dairy foods, while institutional supply—particularly milk provided to schools across Guangdong—has been an important part of its public and commercial role. The brand’s positioning is closely linked to freshness, local production, regional familiarity, and long operating history rather than to a globally standardized consumer identity. In 2020, Fengxing Milk was acquired by Yuexiu Holdings. In 2021, the business also gained the Five Rams Ice Cream assets from Nestlé. These transactions broadened the company’s relationship with the wider Yuexiu business group and expanded its portfolio beyond traditional liquid dairy products into ice cream-related assets. Publicly available reference material does not provide a complete current product catalog, executive roster, financial profile, or detailed account of the company’s present distribution footprint. Accordingly, Fengxing Milk is best characterized as an active, Guangzhou-centered dairy enterprise with a long regional history and continuing relevance in Guangdong’s milk supply chain.

Fengxing Milk’s history is connected to the emergence of commercial dairy production in Guangzhou. The company’s predecessor, Sheng Kee Dairy, began operating in 1927. This early business established a local foundation for milk production and distribution before the creation of the post-1949 Fengxing enterprise. Fengxing Condensed Milk Factory was established in 1952. The new organization gave the business a formal industrial identity and placed condensed milk production within its early portfolio. In 1968, Fengxing combined with Sheng Kee Dairy. At that time, the enlarged operation had the largest dairy farm in southern China, according to the company’s historical account as summarized in reference material. The combination linked Fengxing’s industrial activities with the earlier Guangzhou dairy operation and reinforced its position as a major regional producer. A significant stage of external expansion began in 1984, when Fengxing signed a contract with Hong Kong’s Kowloon Dairy to supply milk to Hong Kong. The cross-border supply relationship continued from that year and demonstrated the logistical and commercial importance of the Guangzhou dairy industry to the neighboring Hong Kong market. In 1994, the relationship was formalized through the launch of Kowloon Dairy (Guangzhou) Limited, a joint venture between Fengxing and Kowloon Dairy. Fengxing also participated in dairy-sector joint-venture activity during China’s economic opening. In 1987, it helped establish a joint venture with Danone. The venture was later sold to Bright Dairy. Available reference material does not identify all of the venture’s products, financial terms, or the precise timing and structure of the subsequent sale, so those details are not included here. The company has operated dairy farms in Guangzhou and has produced milk supplied to schools across Guangdong Province. This institutional role places Fengxing within the region’s public-facing food supply infrastructure in addition to its consumer-brand role. Its historical identity has therefore combined local retail recognition with farm ownership, processing, distribution, and institutional supply. In 2020, Yuexiu Holdings acquired Fengxing Milk. The acquisition marked a change in ownership while retaining the company’s established regional identity. In 2021, Fengxing gained the Five Rams Ice Cream assets from Nestlé. The transaction broadened its associated product assets beyond milk and other conventional dairy products. Public sources cited for this entry do not provide a sufficiently detailed account of later management changes, current manufacturing capacity, financial performance, or a comprehensive list of products and campaigns. The documented history nevertheless shows a company that evolved from a pre-1950s Guangzhou dairy business into a regional dairy group with cross-border supply experience, joint-venture activity, and ownership under Yuexiu Holdings.

• 2021

  Five Rams Ice Cream assets added

  [1]Fengxing Milken.wikipedia.org

  Fengxing gains Five Rams Ice Cream assets from Nestlé, extending its associated dairy portfolio.

• 2020

  Acquisition by Yuexiu Holdings

  [1]Fengxing Milken.wikipedia.org

  Yuexiu Holdings acquires Fengxing Milk.

• 1994

  Kowloon Dairy (Guangzhou) Limited launches

  [1]Fengxing Milken.wikipedia.org

  Fengxing and Kowloon Dairy establish a joint venture company in Guangzhou, deepening their earlier supply relationship.

• 1987

  Joint venture with Danone

  [1]Fengxing Milken.wikipedia.org

  Fengxing helps establish a joint venture with Danone; the venture is later sold to Bright Dairy.

• 1984

  Milk supply agreement with Kowloon Dairy

  [1]Fengxing Milken.wikipedia.org

  Fengxing begins a continuing supply relationship with Hong Kong’s Kowloon Dairy, providing milk to Hong Kong.

• 1968

  Fengxing combines with Sheng Kee Dairy

  [1]Fengxing Milken.wikipedia.org

  Fengxing combines with Sheng Kee Dairy and operates the largest dairy farm in southern China according to the cited historical account.

• 1952

  Fengxing Condensed Milk Factory is established

  [1]Fengxing Milken.wikipedia.org

  Fengxing Condensed Milk Factory is established, forming the formal industrial foundation of the later Fengxing Milk enterprise.

• 1927

  Sheng Kee Dairy begins operations

  [1]Fengxing Milken.wikipedia.org

  The business’s documented historical roots begin with the establishment of Sheng Kee Dairy in Guangzhou.

Fresh, locally produced dairy products backed by a long Guangzhou operating history and regional supply relationships.

• Liquid dairy

  Milk

  Milk is the company’s central documented product category. Fengxing has operated dairy farms in Guangzhou and has supplied milk to schools across Guangdong Province, as well as participating in a long-running supply relationship with Hong Kong’s Kowloon Dairy.

• Processed dairy · 1952

  Condensed milk

  Condensed milk is part of Fengxing’s historical industrial identity through the establishment of Fengxing Condensed Milk Factory in 1952. The available reference material does not specify current product formats or distribution.

• Dairy foods

  Yogurt and other dairy products

  Yogurt and other dairy products are associated with the broader Fengxing portfolio, although the cited reference does not provide a detailed current catalog, product names, or launch chronology.

• Ice cream

  Five Rams Ice Cream

  Fengxing gained the Five Rams Ice Cream assets from Nestlé in 2021. The asset transfer expanded Fengxing’s connection to frozen dairy products, but the available source does not describe the subsequent brand architecture or product range.

• 2021

  Addition of Five Rams Ice Cream assetsM&A

  Background

  Following its acquisition by Yuexiu Holdings, Fengxing expanded its associated dairy assets beyond its traditional milk and dairy operations.

  Action taken

  Fengxing gained the Five Rams Ice Cream assets from Nestlé.

  Aftermath

  The transaction broadened Fengxing’s portfolio into ice cream, although the available source does not document later integration or brand strategy.

  Source

• 2020

  Yuexiu Holdings acquisitionM&A

  Background

  Fengxing Milk had a long-established Guangzhou dairy business with farm operations, consumer products, and institutional supply relationships.

  Action taken

  Yuexiu Holdings acquired Fengxing Milk.

  Aftermath

  The acquisition placed Fengxing within the Yuexiu business group. The available reference does not report transaction value, subsequent financial performance, or detailed organizational changes.

  Source

1. 1Fengxing Milken.wikipedia.org