Milk New Zealand Dairy Limited and the Theland Farm Group were originally fully owned subsidiaries of Hunan Dakang International Food and Agriculture Co. Ltd, itself part of the Shanghai Pengxin Group.
In 2017, Milk New Zealand Dairy Ltd. was restructured to become a fully owned subsidiary of Theland New Cloud Digimart (Shanghai) Ltd.
In December 2017, Alibaba Group and it's founder's venture capital company became majority shareholders (57%) of Theland New Cloud Digimart (Shanghai) Ltd, with Hunan Dakang International Food and Agriculture Ltd remaining a minority shareholder (33%).
The Theland Farm Group brings together the Tahi Farm Group in the North Island (16 farms) of New Zealand and the Purata Farm Group in the South Island (13 farms) of New Zealand.
Theland Farm Group's objective is to produce and supply quality milk to consumers in New Zealand and China.