Swellfun

Faux Meat Gobbling Up the Food Market - Run out of the Steam or Future Looking?

From mush to meat, edible alternatives are ripping the protein industry apart from traditional livestock feeding and animal byproducts. Commercially manufactured and processed plant-based meat alternatives are created to mimic the texture and taste of real meat with some of the heavyweights like Beyond Meat and Impossible Food around the world. Developing from non-animal sources, plant-based meat alternatives open a new door in the nation of gourmets China.

China’s Leading Tea Brand Nayuki Closed its Fantasy Factory Within Two Years

On May 20, Chinese bubble tea chain Nayuki (奈雪的茶) announced that its only Shenzhen-based Fantasy Factory (奈雪梦工厂) recently closed after establishing for two years.

RLX Technology’s Net Profit Fell by 41.1% YoY

Government regulations and COVID-19 were restricting RLX Technology’s development.

Diary Giant Yili Group Creates a New Incubation Program for Pet Food

Recently, Yili Group disclosed that one of its new incubation programs “one-on-one” focuses on selling customized pet food in China.

Dada Achieved a Total Revenue of CNY 2 billion for Q1 2022, Up 74% Year-over-Year

On May 16, China’s leading platform for local on-demand retail and delivery Dada Nexus Limited released its financial report for the first quarter of 2022.