China

Yum China Gets Beijing 2022 Winter Olympics Sponsorship

Backed by an impressive track record of promoting sports and healthy lifestyle in communities across the Chinese Mainland, Yum China Holdings, Inc. YUMC has been recently named the official retail food services sponsor for the Olympic and Paralympic Winter Games Beijing 2022 (“Beijing 2022”). The company will also become the official sponsor of the Chinese Olympic Committee through the end of 2024.

Following the announcement, shares of the company rose 1.2% during the trading session on Jul 20. Previously, it was associated with the 2019 Tennis Masters, 3×3 basketball competitions and city marathons.

Per the agreement, Yum China will be

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Starbucks brings Beyond Meat and Oatly to China with new plant-based lunch menu

(Reuters) – Starbucks Corp <SBUX.O> said on Monday it would roll out a plant-based food and beverage menu in China this week, launching Beyond Meat Inc <BYND.O> and Oatly products in a country which is trying to recover from coronavirus shutdowns.

The world’s biggest coffee chain has reopened most of its stores in China, where the outbreak appears to be slowing, and is banking on the new products to pull in more curious and environmentally-conscious diners.

The new lunch menu will feature pastas and lasagna made with Beyond Meat’s plant-based alternative beef products, and also include dishes from Omnipork, a

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