The companies have a combined asset value of up to 500 billion yuan ( billion), according to Bloomberg.
The company denied his request, so Zheng hired bloggers to concoct rumors about the leaders of Yili and their families, it said.
The company exports violins to more than 80 countries, including the United States, Germany and Italy, with annual export sales of million.
The company also received a clinical trial approval by the administration, saying the product is approved for clinical trials on indication for novel coronavirus pneumonia.
The company also called on WeChat users to obey the law and rules, and join hands to stop illegal information.
The combined business would also offer charging services for battery-powered cars. So far, electric cars have only a small market share due to their higher cost, limited range and lack of places to charge. Once electrics become as cheap or cheaper than conventional cars, their market share could expand quickly, and with it the demand for charging.
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The company already supplies such products to Foshan Hospital of TCM.
The columnist and anchor of the TV show Oppenheimer Presenta said that after decades in which the US largely looked the other way, the Trump administration has decided to confront China over its growing influence in Latin America.
The company did not respond to a request for an interview by press time.
The company contended at trial that it should not shoulder the blame for the opioid epidemic because its opioids had modest sales and because the drugs were regulated by state and federal agencies.