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.
TECH CLUSTER: The US company’s new office is in the Shalun Smart Green Energy Science City, a new AI industry base and cybersecurity hub in southern Taiwan US chip designer Advanced Micro Devices Inc (AMD) yesterday launched an office in Tainan’s Gueiren District (歸仁), marking a significant milestone in the development of southern Taiwan’s artificial intelligence (AI) industry, the Tainan City Government said in a statement. AMD Taiwan general manager Vincent Chern (陳民皓) presided over the opening ceremony for the company’s new office at the Shalun Smart Green Energy Science City (沙崙智慧綠能科學城), a new AI industry base and cybersecurity hub in southern Taiwan. Facilities in the new office include an information processing center, and a research and development (R&D) center, the Tainan Economic Development Bureau said. The Ministry
ADVERSARIES: The new list includes 11 entities in China and one in Taiwan, which is a local branch of Chinese cloud computing firm Inspur Group The US added dozens of entities to a trade blacklist on Tuesday, the US Department of Commerce said, in part to disrupt Beijing’s artificial intelligence (AI) and advanced computing capabilities. The action affects 80 entities from countries including China, the United Arab Emirates and Iran, with the commerce department citing their “activities contrary to US national security and foreign policy.” Those added to the “entity list” are restricted from obtaining US items and technologies without government authorization. “We will not allow adversaries to exploit American technology to bolster their own militaries and threaten American lives,” US Secretary of Commerce Howard Lutnick said. The entities
Minister of Finance Chuang Tsui-yun (莊翠雲) yesterday told lawmakers that she “would not speculate,” but a “response plan” has been prepared in case Taiwan is targeted by US President Donald Trump’s reciprocal tariffs, which are to be announced on Wednesday next week. The Trump administration, including US Secretary of the Treasury Scott Bessent, has said that much of the proposed reciprocal tariffs would focus on the 15 countries that have the highest trade surpluses with the US. Bessent has referred to those countries as the “dirty 15,” but has not named them. Last year, Taiwan’s US$73.9 billion trade surplus with the US
‘SWASTICAR’: Tesla CEO Elon Musk’s close association with Donald Trump has prompted opponents to brand him a ‘Nazi’ and resulted in a dramatic drop in sales Demonstrators descended on Tesla Inc dealerships across the US, and in Europe and Canada on Saturday to protest company chief Elon Musk, who has amassed extraordinary power as a top adviser to US President Donald Trump. Waving signs with messages such as “Musk is stealing our money” and “Reclaim our country,” the protests largely took place peacefully following fiery episodes of vandalism on Tesla vehicles, dealerships and other facilities in recent weeks that US officials have denounced as terrorism. Hundreds rallied on Saturday outside the Tesla dealership in Manhattan. Some blasted Musk, the world’s richest man, while others demanded the shuttering of his