Beyond Meat to sell patties in mainland China through Freshippo stores

FAN Editor

NEW YORK – Beyond Meat Inc said on Tuesday that it will launch retail sales of its plant-based burger patties in mainland China through Alibaba Group Holding Ltd’s Freshippo markets.

Continue Reading Below

KFC, PIZZA HUT TO SELL BEYOND MEAT PRODUCTS AT RESTAURANTS IN CHINA

Sales will begin this weekend at 50 stores in Shanghai, with plans to expand to 48 more stores in Beijing and Hangzhou in September. The patties will also be available on Freshippo’s mobile app for delivery.

WHAT IS BEYOND MEAT?

Earlier in June, Yum China Holdings Inc introduced Beyond’s burgers for a limited time at some of its KFC, Pizza Hut and Taco Bell locations.

Ticker Security Last Change Change %
BYND BEYOND MEAT INC. 144.70 +10.72 +8.00%
YUM YUM! BRANDS 87.17 +0.26 +0.30%

The partnerships come as plant-based meat makers, including Beyond rival Impossible Foods, seek to tap into the potentially lucrative mainland China market.

CLICK HERE TO READ MORE ON FOX BUSINESS

Free America Network Articles

Leave a Reply

Next Post

Black-owned banks provide wealth growing opportunities for underserved Americans

Watch CBSN Live Keys to wealth building include access to credit and capital. Where big banks underserve minority communities, Black-owned banks can step in to help. Alex Wagner reports. Copyright © 2020 CBS Interactive Inc. All rights reserved. View CBS News In Free America Network Articles