Past Meat “Past Burger” patties comprised of plant-based substitutes for meat merchandise sit on a shelf on the market on November 15, 2019 in New York Metropolis.
Angela Weiss | AFP | Getty Pictures
The maker of meat alternate options first entered mainland China in April by means of a partnership with Starbucks. Yum China‘s KFC, Taco Bell and Pizza Hut additionally promote Past Meat merchandise in a number of Chinese language cities.
Past Burgers shall be out there at 50 Freshippo places in Shanghai beginning Saturday. By September, the patties may even be out there at a further 48 places in Beijing and Hangzhou.
“We all know that retail shall be a important a part of our success in China, and we’re happy to mark this early milestone inside a number of months of our market entry,” CEO Ethan Brown mentioned in an announcement.
Shares of Past closed Tuesday up 1.9% at $133.98. The inventory, which has a market worth of $8.34 billion, has risen 77% thus far in 2020.