Muyuan was founded by husband and wife Qin Yinglin and Qian Ying, who started their first farm in 1992.
[3] In 2010, the company received an International Finance Corporation loan and investment.
[4][3] By 2013, Muyuan Foodstuff Ltd. had two wholly owned subsidiaries and one participating company, and was raising more than one million pigs for slaughter per year.
[3] By 2019, they were the second largest pork producer in China after Wens Foodstuff Group.
[5] In 2020, the African swine fever epidemic caused the global price of pork to rise and Muyuan's profits grew 1,413% in the first nine months of 2020.