Gorillas is launching its operations in the U.S.
US: Whole Foods Market names suppliers of the year
Whole Foods Market recently recognized 42 local, regional and national suppliers as part of the company’s ninth annual Supplier Awards. Recipients span all product categories and were selected by Whole Foods Market leaders, category experts and buyers who work closely with suppliers every day, the company said.
Gorillas’ 10 minute grocery delivery to launch in the U.S.
Gorillas, the on-demand grocery delivery startup and the fastest European startup to reach unicorn status, is launching its operations in the U.S. on May 30. Providing on-demand grocery delivery service in 10 minutes or less, Gorillas will begin its U.S. expansion with service in Bushwick, which includes parts of Williamsburg and Downtown Brooklyn, which includes the Boerum Hill, Cobble Hill and Carroll Gardens neighborhoods, with plans to expand to additional areas of New York City and other major cities.
CX Daily: Chinese With Rare Diseases Face Painful Predicament Affordable Yet Unavailable Drugs
Medicine /
Xu Kai and her family
smashed 1,000 boxes of tablets used to treat her 8-year-old daughter’s rare genetic disorder.
The latest shipment of the medicine, which Xu had been buying through purchasing agents since her daughter was born, turned out to be fake. Phony pharmaceuticals are just one of the problems that patients and their relatives face trying to get their hands on medicine for treating rare diseases in China.
Many of these drugs are cheap and readily available outside of China, but lagging regulations and the cold logic of the market economy have made them difficult to come by inside the country. The situation has forced people like Xu to turn to an unreliable network of sometimes untrustworthy purchasing agents to buy drugs overseas that they or their loved ones need to lead normal lives.
Plant-Milk Maker Oatly Aims for $1.6 Billion Nasdaq Listing, Though Chinese Backing Could Prove a Problem
Oatly plans to further expand its business in China, its biggest Asian market, according to the prospectus. Photo: Oatly
Major plant-based milk-alternative maker Oatly Group AB has spelled out its IPO pricing, though questions remain about whether its ties with a Chinese state-owned backer could affect its Nasdaq listing.
The Swedish company expects to raise up to $1.65 billion with an offering price of between $15 to $17 per American depositary share, it said in its updated
prospectus on Tuesday. That would give it a $10 billion valuation.
As of March 31, conglomerate China Resources (Holdings) Co. Ltd. and Belgium-incorporated Verlinvest S.A. jointly hold 55.9% of Oatly through the 50-50 joint venture Nativus Co. Ltd., according to the filing.
A man walks near a coal-fired power plant in Harbin, Heilongjiang province, China November 27, 2019. - Reuters
CHINA is turning to its state-owned coal power companies to helm the next stage of the country’s renewables push, as the sector becomes less attractive to other investors.
Private firms have helped the top-polluting nation become the world’s largest generator of clean energy.
Now, as China chases a target to zero out carbon emissions by 2060, and with subsidies for renewables investments ending, government-controlled utilities need to take the lead.
The five biggest state-backed power firms have announced plans to develop about 305 gigawatts of new wind and solar capacity in the next five years, according to BloombergNEF, almost twice the amount it estimates the U.S. will install over the same period. At peak generation, the total being added would be about enough to power the whole of Japan.
The Straits Times
Annabeth Leow
https://str.sg/Jz5Q
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SINGAPORE (THE BUSINESS TIMES) - Mainboard-listed Yangzijiang Shipbuilding (Holdings) has inked a deal to set up a liquefied natural gas (LNG) supply chain joint venture, the board said on Thursday.