Beyond Meat to sell patties in mainland China through Freshippo stores

imageStock Markets8 hours ago (Jun 30, 2020 09:05PM ET)

(C) Reuters.

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

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.

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

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

Beyond Meat to sell patties in mainland China through Freshippo stores

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Leave a Reply

Your email address will not be published. Required fields are marked *