Beyond Meat Shares Rise on Executive’s China Comments
- Xinhua reports company eyeing 2020 Chinese mainland expansion
- Cites interview with executive chairman Seth Goldman
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Beyond Meat Inc. rose Tuesday after a report that the faux-meat maker hopes to expand into the Chinese mainland market this year added to the stock’s recent momentum.
The company’s Executive Chairman Seth Goldman said “we haven’t announced anything, but we are expected to do something this year,” according to China’s Xinhua news agency. His comment came Monday on the sidelines of the National Retail Federation’s 2020 expo, Xinhua said.