SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Impossible Foods and Beyond
BYND 149.42+1.5%Jun 11 4:00 PM EDT

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: Glenn Petersen7/1/2020 1:04:21 AM
  Read Replies (1) of 217
 
Beyond Meat enters grocery stores in mainland China through Alibaba partnership

Published Tue, Jun 30 20209:00 PM EDT
Updated 3 hours ago
Amelia Lucas
CNBC.com

Key Points

-- Alibaba’s Freshippo grocery stores in Shanghai will start selling Beyond Meat’s meatless burgers on Saturday.

-- The maker of meat alternatives first entered mainland China in April through a partnership with Starbucks.

Beyond Meat announced Tuesday that Alibaba’s Freshippo grocery stores would start selling its meatless burger patties, marking its entry into supermarkets in mainland China.

The maker of meat alternatives first entered mainland China in April through a partnership with Starbucks. Yum China’s KFC, Taco Bell and Pizza Hut also sell Beyond Meat products in several Chinese cities.

Beyond Burgers will be available at 50 Freshippo locations in Shanghai starting Saturday. By September, the patties will also be available at an additional 48 locations in Beijing and Hangzhou.

“We know that retail will be a critical part of our success in China, and we’re pleased to mark this early milestone within a few months of our market entry,” CEO Ethan Brown said in a statement.

Shares of Beyond closed Tuesday up 1.9% at $133.98. The stock, which has a market value of $8.34 billion, has risen 77% so far in 2020.

cnbc.com
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext