China's leading dairy group Mengniu has published a report, stating that according to the unaudited management accounts as of November 30, 2008 and other relevant documents, the group might see a CNY900 million loss in the year 2008.

Chinese restaurant chain South Beauty, also known as Qiaojiangnan, has announced that the group plans to sell parts of its stake to CDH Investments and China International Capital Corporation to raise financing of CNY300 million.

Starbucks has announced that it has selected Baxy as its new milk supplier because the milk products of its original milk supplier Mengniu were tainted by melamine.

In response to the milk scandal in China, the international coffee shop chain Starbucks has stopped selling all products that contain milk in its Chinese stores while launching new soymilk coffee products.

After baby milk food produced by Sanlu was found to be contaminated by melamine, China's General Administration of Quality Supervision, Inspection and Quarantine implemented special tests on baby milk powder products across China and has released its initial results.