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MNCs in China
Beyond Meat, an American plant-based meat substitutes brand, recently opened a new factory near Shanghai—its first manufacturing facility outside of the United States.
The initiative underscores Beyond Meat’s ambitions in China. Growing at an average rate of 15% annually in the past five years, the market size of plant-based meat alternatives in the country has reached RMB 7 billion in 2019, according to the Good Food Institute.
KrASIA News Picks
This Chinese rice noodle factory wants to make your next burger. Will it succeed?
Did you also know that 85% of Beyond Meat’s pea-protein is actually supplied by a lesser-known Chinese rice noodle producer? More on that story in the link above.
Jean Liu: the woman behind Didi
As one of the few women leaders in China’s tech scene, did you know that Jean Liu founded Didi’s own women’s network to help women at the company advance their careers? Check out our KrASIA original video on one of the most influential women in China’s tech scene.
Key Trends
KrASIA tracked 70 private investments, amounting to more than RMB 21.2 billion (USD 3.25 billion), in the past week.