Beyond Meat (BYND) partners with KFC (KFC), Pizza Hut in China

Beyond Meat (BYND) has partnered with Kentucky Fried Chicken (KFC) and Pizza Hut to use plant-based beef in Chinese restaurants.

Image source: unsplash.com

This news led to a 6.2 per cent rise in the shares of the company. According to the social media platform Weibo, as of June, the manufacturer of plant-based beef will supply its goods to KFC. The relationship with Pizza Hut is set to begin next week.

We’re proud to expand our partnership with KFC into China, one of their largest markets worldwide, as well as introduce a new partnership with Pizza Hut in China Email response to Bloomberg Beyond Meat spokesperson

In April Beyond Meatannounced a partnership with Starbucks (SBUX), which was launched on the China market. Chinese customers including beef and lasagna, as well as lactose-free milk and bogus pork items, are provided with a new menu by the operator of the coffee shop chain.

Image source: Tradingview

The announced expansion plans of Meat has more than doubled its share price since 18 March. The stock traded at 128,29 dollars by Friday.

#China #BYND #KFC

Alex Dudov E-mail

Alex has been creating articles for several crypto projects for three years. He is interested in cryptocurrencies and financial markets, more so in cryptocurrencies.