Tag: Sina Weibo

  • Beyond Meat opens JD store, as Chinese remain wary of meat substitutes

    Beyond Meat opens JD store, as Chinese remain wary of meat substitutes

    Beyond Meat has launched an online store in China on e-commerce platform JD, as the plant-based meat maker aims to boost sales in the world’s biggest meat market, where consumer interest in meat alternatives is low.

    US-based Beyond Meat said the JD store will initially help expand the availability of its products in four major cities, including Beijing and Shanghai, and eventually in 300 cities across China.

    Its products are currently mainly available in China through its partnerships with Starbucks Corp, Yum China Holdings and Alibaba Group’s Freshippo markets.

    But expanding into the retail segment by selling on JD will help it reach a wider audience in the country, which is increasingly purchasing fresh food online.

    Online sales in China of fresh food, into which category Beyond Meat’s products fall, are expected to top US$46.4 billion this year, an increase of 18 percent from last year, according to consultancy iiMedia Research.

    Beyond Meat’s direct retail foray follows a similar move by Nestle in December, which launched a range of plant-based burgers, sausages, nuggets, and dishes suited to Chinese cooking.

    The push by global firms comes even as consumers in China are not exactly devouring plant-based meat.

    “Currently it is a solo dance by the manufacturers, the consumers are not joining the tango,” said Zhu Danpeng, an independent food industry analyst.

    A recent poll on Sina Weibo, China’s Twitter-like social media platform, found only 14 percent of 400 participants were willing to try plant-based meat.

    Chinese consumers are deterred by concerns over food safety as well as taste, said Zhu.

    Beyond Meat, which has set up its first manufacturing plant outside of the US in the eastern Chinese city of Jiaxing, near Shanghai, declined to comment on its sales in the market so far.

    A 454gm twin pack of plant-based beef will be sold at $32.50 on the company’s JD store. By comparison, 1kg of good quality domestic beef costs about $21.60 on JD’s fresh food platform.

    Beyond Meat is also adding Beyond Pork to its offering on JD, which has been created for the pork-loving Chinese market.

    It will also sell ingredients that are used in the cooking of local dishes such as stir-fry, dumplings, mapo tofu, zhajiang noodles and lion’s head meatballs to appeal to Chinese consumers.

  • Chinese officials close Lotte Group stores amid political issue

    Chinese officials close Lotte Group stores amid political issue

    Following inspections, Chinese authorities have closed nearly two dozen Lotte Group stores.

    Lotte says that 23 of its supermarkets in its biggest overseas market have been shuttered, reaching from Dandong on the North Korean border to the east coast and southern Changzhou.

    Workers at three stores say the closures are temporary and fire-safety related. Its its Sina Weibo microblog, the Anhui fire department says it temporarily shut two Lotte Mart stores because of fire risks, part of a broader regional sweep over the past month that had led to the closure of 30 stores belonging to a range of companies including Lotte.

    However, the Lotte closures follow a series of incidents affecting South Korean companies in China, including cyber attacks and a ban on sales of travel tours to South Korea, Reuters reports. Lotte Mart had 115 stores in China as of January, its biggest overseas market, and had group sales there of more than 3 trillion won (US$2.6 billion) in 2015.

    Problems started for Lotte after it approved a land swap outside Seoul last month so South Korea could install a defence system in response to missile threat from North Korea.

    Meanwhile, photos and videos are circulating on Chinese social media of protests outside Lotte stores, while others show Lotte outlets with their steel grates pulled shut. Outside one store, a red banner reads: “South Korea’s Lotte has declared war on China … Get the hell out of China”.

    Lotte Duty Free is back online after a cyber attack last week from Chinese IP addresses crashed its website, and the group is seeking help from the South Korean government regarding the issues it is facing in China, where it employs about 20,000 people – a third of its overseas staff.

  • Alibaba launches sports company

    Alibaba Group’s expansion into non-eCommerce businesses such as movies and music took another step today as the group announced the establishment of a sports company, aiming to “transform China’s sports industry through Internet-enabled technologies.”

    The company, named Alibaba Sports Group, will be majority owned by Alibaba Group but has backing from Sina Corp., owner of China’s popular microblogging site Sina Weibo, and Yunfeng Capital, a private equity company founded by Alibaba Executive Chairman Jack Ma.

    Alibaba Sports Group will engage in sports media, events, ticketing and other aspects of the industry, leveraging Alibaba Group’s extensive e-commerce, digital entertainment, marketing, cloud computing and other Internet properties, according to an Alibaba press release.

    Alibaba’s Group CEO Daniel Zhang was named chairman of Alibaba Sports. Zhang Dazhong, a veteran of China’s new media and sports industry and a former vice president of Shanghai Media Group, will serve as CEO.

    “Sports has the enduring ability to create shared happiness and encourage healthy lifestyles,” said Zhang in the release. “Alibaba Sports Group aims to transform the China sports industry through the use of Internet-based technologies to bring greater and better products and services to consumers, sports participants and sports fans alike.”

    Alibaba Group’s online shopping site Tmall.com already hosts storefronts for merchandise sold by European football clubs Bayern Munich and Real Madrid. Last month, a documentary of NBA superstar Kobe Bryant was released through Alibaba’s Tmall Set-top Box. Alibaba also has a stake in China’s leading football club Guangzhou Evergrande.