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US plant-based meat substitutes producer Beyond Meat plans to enter the Chinese market this season and may first launch its products online, according to The Beijing News.
Los Angeles-based Beyond Meat has joined China Plant Based Foods Alliance, and its products are undergoing approval procedures for imported food, Xue Yan, the trade group’s secretary general, said yesterday.
The US firm also sent a delegation to visit the firm with the world’s largest production base of Longkou vermicelli, non-genetically modified pea protein and pea starch, Yantai Shuangta Food, to discuss potential cooperation on Jan. 15. Shuangta shares [SHE:002481] rose 4.23 percent to CNY8.38 by 2.04 p.m. this afternoon riding that updraft
Source: yicaiglobal.com
