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In 2005, several Chinese entrepreneurs started a milk production company, Modern Dairy. The company realized there was a huge opportunity in China for milk as right now the country is third in the world in terms of production.
Besides, in light of some of the contamination problems in the industry,especially last year's melamine scandal, there was a need for a better approach.
Well, Modern Dairy has caught the attention of the mighty private equity firm KKR. This week, the firm invested $150 million in the venture, according to Bloomberg.
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