China
WeChat joins Starbucks with gifting and mobile payment platform
Starbucks has partnered Chinese online and app giant Tencent Holdings to create a new social gifting feature on WeChat, China’s leading mobile social communications service.
Archives for December 13, 2016
AB InBev sells SABMiller’s central and eastern European business to Asahi
Anheuser-Busch InBev has agreed to sell the former SABMiller businesses in Poland, the Czech Republic, Slovakia, Hungary and Romania to Asahi for €7.3bn ($7.75bn).
Chinese kids taller and fatter than ever before
Young people in China have become taller and fatter due to better living standards and changing lifestyles.
Fonterra to expand mozzarella production with new plant
Fonterra has announced it will be constructing a new mozzarella plant to meet growing customer demand.
South Asia radius
Sri Lankan sugar: Drug smugglers and shortages, but some dare to hope
Sri Lanka’s sugar industry faces a “severe crisis”, with prices likely to be increased, partly due to cocaine smuggling from Brazil.
India’s confectionery market to eclipse growth in other BRICs: MarketLine
India’s confectionery market is set to significantly outstrip sales growth in other BRIC countries in the next five years, says MarketLine.
UAE agribusiness buys Aussie feed producer to mitigate market risks
Al Dahra Agriculture has bought an Australia based feed producer to “geographically diversify investments, ensure product availability across all seasons and mitigate market risks.”
Vitaco deal enters final stage, but fellow Australian firm Nature’s Care to stay in private ownership
The Federal Court of Australia has approved the takeover of vitamin firm Vitaco by Chinese investors, with the deal now officially entering the “completion stage”.
China famine babies: Hyperglycaemia and diabetes risk passes down to second generation too
An increased risk of high blood glucose levels and diabetes is not only greater for people who were born at a time of famine, but it is also then passed down to their children, research into China’s 1959-1961 food crisis has discovered.