Beingmate

{{Short description|Chinese food manufacturer}}

{{Infobox company

| name = Beingmate Baby & Child Food Co., Ltd.

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| type = Public

| traded_as = {{SZSE|002570}}

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| founded = 1992

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| hq_location_city = Hangzhou

| hq_location_country = China

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| website = {{url|http://www.beingmate.com}}

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| module = {{Chinese|child=yes|s=贝因美婴童食品股份有限公司|t=貝因美嬰童食品股份有限公司|p=Bèi yīn měi yīng tóng shí pǐn gǔ fèn yǒu xiàn gōng sī|s2=贝因美|t2=貝因美|p2=Bèi yīn měi|order=st}}

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Beingmate Baby & Child Food Co., Ltd. or known as just Beingmate, is a Chinese food manufacturer. It is headquartered in Hangzhou, China. Founded in 1992, it was a leading milk powder brand in China, but declined in the recent years.{{cite news|url=http://finance.sina.com.cn/stock/s/2017-09-21/doc-ifymenmt6003322.shtml|title=Dà bài jú:"Guó chǎn nǎi fěn dì yī pǐn pái" bèi yīn měi yǔn luò jì|script-title=zh:大败局:“国产奶粉第一品牌”贝因美陨落记|trans-title=Defeated: The story of how "the first brand of domestic milk powder", Beingmate falls|work=Sina Finance|language=zh-cn|date=21 September 2017|access-date=1 November 2017|author={{lang|zh|维尼熊}}}} In March 2015, Fonterra Cooperative Group purchased 18.8% of Beingmate.{{Cite web|date=2015-03-16|title=Fonterra buys 18.8% of China's Beingmate for about $755 million|url=https://www.nbr.co.nz/article/fonterra-buys-188-chinas-beingmate-about-755-million-bd-170166|access-date=2021-03-16|website=NBR|language=en}}

Beingmate is listed on the Shenzhen Stock Exchange. It was a constituent of the exchange's mid cap index SZSE 200 Index, but was removed in January 2017. It was inserted to small cap index SZSE 700 Index instead.{{cite press release|url=http://www.cnindex.com.cn/zxzx/zsgg/201612/P020161212327378020690.pdf|script-title=zh:关于调整深证成指、中小板指、创业板指、深证100、中小创新等指数样本股的公告|date=12 December 2016|access-date=1 November 2017|publisher=Shenzhen Securities Information|language=zh-cn|archive-url=https://web.archive.org/web/20170211075233/http://www.cnindex.com.cn/zxzx/zsgg/201612/P020161212327378020690.pdf|archive-date=11 February 2017|url-status=dead}}{{cite web|url=http://www.cnindex.com.cn/zxzx/zsgg/201612/P020161221354158697245.xlsx|script-title=zh:深证系列指数样本股调整名单(201701)|date=12 December 2016|access-date=1 November 2017|publisher=Shenzhen Securities Information|language=zh-cn|format=Microsoft Excel|archive-date=7 November 2017|archive-url=https://web.archive.org/web/20171107022636/http://www.cnindex.com.cn/zxzx/zsgg/201612/P020161221354158697245.xlsx|url-status=dead}}

Product sites

Beingmate owned 51% stake in a powder plant in Darnum, Victoria, Australia, with the rest was owned by Fonterra.{{cite news|url=http://www.theaustralian.com.au/business/companies/fonterras-chinese-partner-wins-tick-for-infant-formula-products-in-china/news-story/fbcb19c39e68e2aec16a022d65eb2d53|title=Fonterra's Chinese partner wins tick for infant formula products in China|location=Melbourne|first=John|last=Durie|newspaper=The Australian|date=9 August 2017|access-date=1 November 2017|url-access=subscription}}

References

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