While there is big potential for new plantbased meat products in China, the marketis still in its early stage, according to Zhang Yi, chief executive and head analystat iiMedia Research. "People there are more worried aboutfood safety. Taste and technology aresecondary issues, he said. If those problems can be solved, the developmentshould be fast [for new alternative meatproducts]."
"At present, the e-cigarette market is mainly active in Western countries, among which the U.S. is leading the market of e-cigarette consumption, accounting for 49 percent of the global consumption, followed by the United Kingdom (15 percent), Italy (seven percent), Malaysia (seven percent), France (five percent) and Germany (five percent)," Wang Qinglin, analyst at iiMedia Research, a data mining and analysis organization for new economic industries, told CGTN.
In an interview with NBD, CEO of iiMedia Research Zhang Yi noted that Huang's anxiety lies in two factors: profitability and competition. "In the secondhand trading market, most players haven't achieved a good profit," said Zhang to NBD."There also witnesses an intensive competition in this sector. This funding round is mainly a preparation for the market change and peer competition. Besides, the company needs money to enhance user engagement and attract upstream businesses," Zhang added.