Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
Beyond Meat Inc (NASDAQ:BYND) will enter the Chinese market for the first time on Wednesday.
What Happened
Starbucks Corporation (NASDAQ:SBUX) announced late Monday it will introduce three Beyond Beef items in Mainland China across more than 3,300 locations, CNBC reported. Starbucks has also partnered with Omnipork, a plant-based pork alternative brand.
Following the COVID-19 shutdown of its coffee shops, Starbucks has reopened most of its stores in China and will also introduced non-dairy lattes using oatmilk from Swedish brand Oatly.
Beyond Meat has previously partnered with Starbucks to launch sandwiches in its Canada outlets.
Beyond Meat Viewpoint
"Today we mark an important milestone as Beyond Meat launches in China, advancing our goal of increasing accessibility to plant-based protein globally," Beyond Meat CEO Ethan Brown said in a statement to MarketWatch.
With its foray in the Chinese market, Beyond Meat also plans to launch a local language website and through social media channels will seek to spread out to other Asian markets as well.
Meat alternative products have not gained as much popularity in Asia as they have in the United States and parts of Europe.
Price Action
Beyond Meat's stock, which hit the public market in May 2019, closed Monday's session higher by 2.8% at $79.12 per share. The stock has a 52-week high of $239.71 and a 52-week low of $45.
Related Links:
Cramer Shares His Thoughts On MGM Resorts, Starbucks And More
Why Shake Shack Is Returning $10M Government Loan
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!