Announced 21 July 2026: Hong Kong-listed Chao Yun Group (6601.HK) will invest ¥66.9 million (RMB) in Shandong Shuaike Pet Products, one of China’s largest pet-food contract manufacturers, with cooperation spanning joint R&D, raw-material procurement, production and capital. Shuaike, based in Linyi, Shandong, runs 10 subsidiaries and 51 intelligent production lines with annual capacity of 500,000 tonnes and about 15% domestic market share.
China’s pet-food industry is entering its ‘platform era’ — a household-chemicals giant following the Hong Kong capital path to vertically integrate into pet food signals the category is now strategic for Chinese FMCG. Shuaike’s planned 2026 A-share IPO, targeting ¥3B+ revenue, will be a landmark event for the world’s largest pet-food OEM and could unlock significant downstream brand value.