The company priced its IPO at HK$43.20 per share, at the upper end of the IPO price range of HK$39.60-43.20 per share and raised net proceed of approx. Toumai and Honghu are currently at the registration approval stage while Honghu has received the NMPA approval recently, and these three products should offer immediate revenue opportunity for the company. MicroPort’s product line-up includes three flagship products Toumai (Laparoscopic Surgical Robot), DFVision (3D Electronic Laparoscope) and Honghu (orthopaedic surgical robot) and all three are admitted to the NMPA’s innovative medical device special review and approval procedure (known as Green Path). In addition, as of this month, a meatless Meat Wrap is available in 2800 stores in 28 cities around China.Shanghai MicroPort MedBot Group (MMG HK) is a surgical robot company which designs, develops and commercialises surgical robots to assist in performing complex surgical procedures. To meet demands, Beyond Meat has even built a new production facility near Shanghai. In June, Yum China, which owns the rights to operate KFC, Pizza Hut and Taco Bell in China, stated it would offer Beyond Burger for a limited time. Nasdaq-listed US startup Beyond Meat has already partnered with fast-food company KFC and coffeehouse chain Starbucks in China. Omnifoods is just one of several ‘fake meat’ manufacturers that wish to enter the Chinese market. They are free of trans fats and cholesterol and are suitable for a vegan and Buddhist diet. Omnifoods also emphasizes that all new products are made from non-GMO soybeans, peas and rice. The consulting company Euromonitor predicts that China’s plant-based meat industry will be worth 13 billion US dollars by 2023.Įspecially younger consumers of the health-conscious middle class become more open to meat analogue, as they are considered healthier and less harmful to the environment. In just a few days, the term Zhíwùròu – plant-based meat – was searched 600 million times on Weibo. The breakthrough for plant-based meat was made possible by Gabrielle Guan, one of China’s most famous actresses, who advertised Chinese dumplings filled with plant-based meat – and triggered a gigantic wave. I hope you will gain valuable new insights with our latest issue But there is also a beneficiary in this story: Hong Kong. This is not an isolated case, as our team of authors in Beijing proves: several Chinese companies have canceled their IPOs in New York due to current pressure. The tone is literally getting rougher.Ĭhinese authorities have recently taken rather brutal actions against the ride-hailing service Didi Chuxing. ![]() A look at nearby Slovakia shows that factual evidence is losing its relevance. Marcel Grzanna reports on how resentment continues to grow in Japan and South Korea. Accusations range from simple state propaganda to clandestine espionage activities for the CP. And not only do vegetarian gourmets benefit from this this new nutrition trend also offers several advantages for the state.Ĭhinese Confucius Institutes are subjected to an ever-increasing global pressure. ![]() A huge new sales market is presenting itself to foreign companies as well as domestic suppliers and the competition for the best duck made from plant protein and smoked fish made from seitan is in full swing, reports Frank Sieren. Now the generation of young and health-conscious Chinese also seems to be rediscovering this age-old tradition. Devout Buddhists recognized the benefits of vegetarian fish and meat alternatives centuries ago.
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