Is Yili a Sino-Japanese joint venture?

Yili is not a Sino-Japanese joint venture. According to the inquiry of Yili official website, Yili is a dairy enterprise in China, which was established in 1956 and headquartered in Hohhot, China. Yili Group is a leading dairy brand in China market, and its products cover liquid milk, milk powder, cheese and other categories. So Yili is not a Sino-Japanese joint venture. Sino-Japanese joint venture refers to an enterprise jointly invested and operated by Japanese companies and Japanese enterprises.