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Stock impact report

Beyond Meat opens its first production plant in China [TechCrunch Blog]

Beyond Meat, Inc. - Common stock (BYND) 
Last beyond meat, inc. - common stock earnings: 2/27 04:05 pm Check Earnings Report
Company Research Source: TechCrunch Blog
About a year after Beyond Meatdebuted in ChinaSituated in Jiaxing, a city 85 km from Shanghai, the plant is Beyond Meat’s first end-to-end manufacturing facility outside the U.S., the Nasdaq-listed company said in an announcement on Wednesday.Over the past year, competition became steep in China’s alternative protein space with the foray of foreign players like Beyond Meat andEat JustBeyond Meat doesn’t flinch at the rivalry. When asked by TechCrunch to comment on astoryChinese startups rush to bring alternative protein to people’s platesChina not only has an enormous, unsaturated market for meat replacements; it’s also a major supplier of plant-based protein. Chinese meat substitute startups enjoy a cost advantage from the outset and don’t lack interest from investors who race to back consumer products that are more reflective of the tastes of the rising middle class.Having some kind of manufacturing capacity in China is thus almost a prerequisite for any serious foreign player. Tesl Show less Read more
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