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The Billion-Dollar European Caviar Business, Now Disrupted by China
In the kitchen of a Michelin three-star restaurant in Beijing, the chef carefully opens a tin of black "treasures." Each translucent caviar pearl inside is immensely valuable, with prices reaching as high as 10,000 RMB per kilogram. Yet this "black gold" caviar does not come from the Caspian Sea or the Volga River. Instead, it originates from Quzhou, Zhejiang, China. This seemingly impossible fact marks a silent revolution in the Chinese caviar industry.
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Nayuki is one of the largest firms in China’s sprawling on-demand tea drinks industry. Financial indicators such as revenue and operating margins have proved its success in the past. But the ultimate question is, how long can it last?
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Guangdong market supervision department interviewed "Naixue's tea" and carried out special food safety inspection.
Naixue's tea apologized for health problems: the stores involved were suspended from business and thoroughly investigated and rectified overnight
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The Billion-Dollar European Caviar Business, Now Disrupted by China
Nov 08, 2024 01:52 PM