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Beyond Meat is now on JD com despite China s low interest in plant-based meat alternatives

Beyond Meat is now on JD com despite China s low interest in plant-based meat alternatives
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New Oriental Education & Technology Group Inc (EDU) Q3 2021 Earnings Call Transcript

Operator Good evening and thank you for standing by for New Oriental s FY 2021 Third Quarter Results Earnings Conference Call. [Operator instructions]. I d now like to turn the meeting over to your host for today s conference Ms. Sisi Zhao. Thank you, please go ahead. Sisi Zhao Investor Relations Director Okay, thank you. Hello everyone and welcome to New Oriental s third fiscal quarter 2021 earnings conference call. Our financial results for the period were released earlier today and are available on the company s website, as well as on Newswire services. Today you will hear from Steven Yang, Executive President and Chief Financial Officer. After his prepared remarks, Stephen and I will be available to answer your questions.

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Beyond Meat expands in U S , China

Beyond Meat expands in U S , China
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Beyond Meat expands in U S , China

Beyond Meat has announced several major product expansions within its existing footprint at retailers nationwide. As demand for plant-based meat continues to rise, the company said the increased distribution strengthens its expansive retail presence at approximately 28,000 retail outlets across the U.S. The expanded retail product availability includes Beyond Meatballs, Beyond Breakfast Sausage Links, Cookout Classic and Beyond Sausage. “Last year, we expanded our retail portfolio by introducing six new product SKUs. In tandem, we’ve been able to work with major retailers across the country to expand our in-store presence to offer more Beyond Meat products in more stores to advance our unwavering commitment towards making plant-based meat options that are better for people and the planet more accessible to all,” said Chuck Muth, chief growth officer of Beyond Meat.

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Beyond Meat Expands Global Footprint with New Production Site

The plant-based meat alternative opened its first end-to-end manufacturing plant outside the US outside of Shanghai. Plant-based protein firm Beyond Meat announced this week that its first end-to-end manufacturing plant for outside the United States has officially opened in the Jiaxing Economic & Technological Zone (JXEDZ) near Shanghai. The facility enables the plant-based meat alternatives maker to expand the scale and boost the speed of production and distribution of its products in the region. Plant-based beef, pork, and poultry products made at the new facility will be sold in the Chinese market. “The opening of our dedicated plant-based meat facility in China marks a significant milestone in Beyond Meat’s ability to effectively compete in one of the world’s largest meat markets,” Ethan Brown, the firm’s CEO and founder, said in a release. “We are committed to investing in China as a region for long-term growth, and we believe this new manufacturing facilit

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