Alibaba and affiliate Ant Small & Micro Financial Services Group Co Ltd currently own approximately 43 percent of Ele.me, and the latest deal will value the startup a $9.5 billion Chinese e-commerce giant Alibaba Group Holding Ltd said that it would buy the remaining shares of Ele.me, a major platform[Read More…]
China
Tate & Lyle expands Shanghai Lab
Tate & Lyle claims that the expansion is part of a strategy to strengthen the brand’s position in the Asia Pacific market. Tate & Lyle has doubled the size of its food application laboratory in Shanghai, as the brand aims to advance the development of ingredients for healthy food and[Read More…]
Nutryfarm to acquire stake in First Linkage
The acquisition is part of efforts to seek potential business opportunities linked to the group’s existing areas of business. NutryFarm International Limited, an investment holding company engaged in the research, development, production, and sale of nutrition, health food, and related health products in the People’s Republic of China, is acquiring a[Read More…]
Heineken to sell its China business to CR Beer
CR Beer’s best-known brand, Snow, is the world’s largest selling beer, driven in the most part by domestic sales. Heineken is reportedly in talks to sell its Chinese business to China Resources Beer (CR Beer). It is believed that any deal would be worth more than $1 billion, with CR Beer[Read More…]
Arla Foods Ingredients develops Skyr especially for the Chinese market
Skyr is a fermented dairy product, similar to yoghurt. It is originally from Iceland, where it has been consumed for hundreds of years, but its popularity has spread worldwide recently thanks to its pleasantly mild taste, low fat levels and high protein content. Arla Foods Ingredients has developed a new[Read More…]
Herbalife launches $90M fund to accelerate China growth
The company claims that it has adopted a different business model in China. American nutrition supplements company Herbalife Ltd. has created a China Growth and Impact Investment Fund to accelerate growth of its business in China. The RMB600 million ($90 million) fund will focus on five key areas: new acquisitions[Read More…]
India leads the packaged tea market in 2017, followed by China
While India is the leading market for retail volume sales globally, Turkey takes the lead when it comes to per capita consumption. According to a research by market intelligence agency Mintel, India was the world’s largest packaged tea market in 2017, consuming a total volume of 678,200 tonnes worth of packaged[Read More…]
AB InBev’s ZX Ventures opens craft brewery in China
The facility represents AB InBev’s first dedicated craft beer facility in Asia. AB InBev’s venture capital division ZX Ventures has announced the opening of a new craft brewery in Wuhan, China in order to tap into the growing market for premium beers in the country. The facility represents AB InBev’s[Read More…]
Chinese researchers use recombinant IFN against bird flu
The rapid development of poultry farming poses challenges to the prevention and control of infectious diseases. Scientists at the Institute of Microbiology of the Chinese Academy of Sciences, in collaboration with Qingdao Vland Biological Products Co. Ltd. and Qingdao National Animal Protection Engineering Technology Research Center Co. Ltd., have received[Read More…]
Syngenta to acquire Nidera Seeds
Nidera BV is a Dutch subsidiary which was originally acquired when COFCO bought 51% of the shares in 2014. Syngenta has entered into a binding agreement to acquire Nidera Seeds from Swiss agri-business and Chinese grains trader China National Cereals, Oils and Foodstuffs Corporation (COFCO). The Chinese-state owned food processing holdings[Read More…]
