Customers in Hong Kong and Singapore can now buy Impossible Foods’ flagship plant-based beef in about 200 grocery stores, as the company awaits approval to enter China’s market.
Vesta Food Lab, China’s first venture-capital-backed food tech startup focusing on plant-based food, is set to launch its local brand “HUICUI” and introduce their meatless spaghetti with Ramen Talk.
China’s VC activity is beginning to recuperate with a series of notable investments from ByteDance, Meituan Dianping, Matrix Partners China and others.
STARFIELD, the largest domestically funded artificial meat startup in China, has recently completed a round of financing worth tens of millions yuan.
The majority of China’s meat products are imported, and given the currently turbulent geopolitical climate, plant-based meat alternatives will increase China’s self sufficiency, and shine a positive light on the industry in the eyes of regulators.