US start-up Eat Just Inc yesterday said that Dicos (德克士), one of China’s largest fast food chains, has added plant-based egg products supplied by the San Francisco-based firm to menus at more than 500 outlets across China.
Dicos would replace its conventional egg patty in items such as breakfast burgers and bagels with the US firm’s “Just Egg” — made from mung beans — at restaurants in cities, including Beijing and Shanghai, Eat Just cofounder and chief executive officer Josh Tetrick said by telephone.
Although still a tiny business compared with China’s giant animal-based supply chain, vegetarian alternatives to meat, dairy and seafood are rapidly gaining in popularity.
Photo: Aly Song, Reuters
Euromonitor International, a market research provider, predicted that China’s meat-substitutes market would be worth US$12.3 billion by 2025, up from US$10.8 billion last year.
Tetrick did not disclose financial terms of Eat Just’s deal with Dicos, but he said that the COVID-19 pandemic had renewed concerns about domestic food safety in China.
“There is more awareness in China on safety, on clean protein and protein free of antibiotics,” Tetrick said, adding that his firm was in talks with other Chinese restaurant chains to supply Just Egg.
Dicos confirmed its cooperation with Eat Just on microblogging site Sina Weibo, saying that it was “an innovative new food that helped to support sustainable development for humanity in future.”
Last year, brands such as Starbucks Corp, Kentucky Fried Chicken, Beyond Meat Inc and Oatly rolled out plant-based food and beverage offerings in China, aiming to attract more curious and environmentally conscious diners.
From India to China to the US, automakers cannot make vehicles — not that no one wants any, but because a more than US$450 billion industry for semiconductors got blindsided. How did both sides end up here? Over the past two weeks, automakers across the world have bemoaned the shortage of chips. Germany’s Audi, owned by Volkswagen AG, would delay making some of its high-end vehicles because of what chief executive officer Markus Duesmann called a “massive” shortfall in an interview with the Financial Times. The firm has furloughed more than 10,000 workers and reined in production. That is a further blow
MOBILE SMART: The Dimensity 1200 is 22 percent better in terms of performance than its predecessor, and 25 percent more power-efficient, the handset chip designer said MediaTek Inc (聯發科) yesterday unveiled its premium 5G processors — the Dimensity 1200 and Dimensity 1100 — as it vies for a larger slice of the world’s rapidly growing 5G smartphone market. Manufactured using Taiwan Semiconductor Manufacturing Co’s (台積電) 6-nanometer process technology, the Dimensity 1200 processor performs 22 percent better than the previous generation Dimensity 1000+ processor, and is 25 percent more power-efficient, MediaTek said. Chinese smartphone brands Xiaomi Corp (小米) and Realme Mobile Telecommunications (Shenzhen) Co (銳爾覓移動通信) are to be the first adopters of the latest Dimensity chips, the companies said during a virtual media briefing. Xiaomi plans to equip its first
Answering to a reported request by Germany to help address a chip shortage in its auto industry, the Ministry of Economic Affairs (MOEA) yesterday said that it was in talks with domestic chip suppliers. Foreign media over the weekend reported that German Minister of Economic Affairs Peter Altmaier had sent a request to Taipei to ask Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) to cooperate more closely with German automakers to provide microchips and sensors, to bridge a shortage that has emerged over the past few months. The MOEA said that it had not yet received the request and could therefore not elaborate
FOCUS ON FOUNDRIES: An analyst said that some investors would be disappointed because they were expecting a larger announcement of a partnership with TSMC Intel Corp’s incoming chief executive officer Pat Gelsinger on Thursday pledged to regain the company’s lead in chip manufacturing, countering growing calls from some investors to shed that part of its business. “I am confident that the majority of our 2023 products will be manufactured internally,” Gelsinger said. “At the same time, given the breadth of our portfolio, it’s likely that we will expand our use of external foundries for certain technologies and products.” He plans to provide more details after officially taking over the CEO role on Feb. 15, but Gelsinger was clear that Intel is sticking with its once mighty