"Buzz on the Street" Show: China Xiangtai Food (NASDAQ: PLIN) Launches Online Order Service | Financial Buzz

“Buzz on the Street” Show: China Xiangtai Food (NASDAQ: PLIN) Launches Online Order Service

FinancialBuzz.com’s latest Buzz on the Street Show: Featuring Our Corporate News Recap on “China Xiangtai Food Co., Ltd. Launches Online Order Service to Satisfy Residents’ Food Demand.”

China Xiangtai Food Co. Ltd. (NASDAQ: PLIN), an emerging growth company primarily engaged in pork processing in China, today announced that the Company has launched online ordering service to communities in Chongqing, China where residents have limited outdoor access to food purchase due to the implemented epidemic control regulations following the spread of COVID-19.

Headquartered in Chongqing, China, China Xiangtai Food Co., Ltd, is a food company primarily engaged in pork processing. The Company’s operations span key sections of the pork processing value chain, including slaughtering, packing, distribution, and wholesale of a variety of fresh pork meat and parts. Primarily focused on pork products, the Company also offers other fresh and processed products, including beef, lamb and poultries. Through its core values, the Company is committed to maintaining the highest standards of food safety, product quality, and sustainability to provide high-quality, nutritious, and tasty food in a responsible manner through its portfolio of trusted brands. For more information, please visit http://ir.plinfood.com/.

The food delivery industry is growing at a rapid pace all over the world due to the convenience, variety and relatively low cost of service. Over the past 5-7 years, several major companies have grown exponentially, continuing to expand the previously limited food delivery service to thousands of restaurants and millions of customers. In particular, cities and urban centers have become the epicenter of this evolution. One of the major factors driving the market growth is the rising penetration of smartphones and internet connection, which makes the food delivered service very easily accessible. And yet despite the rampant growth in recent years, the industry remains young and certain significant issues remain to be solved; the competition for low pricing which hurts the bottom line, the struggle for timely delivery and the lack of service in more rural areas are all major issues. In response, companies are emphasizing on enhancing logistic capabilities and consumer experiences. Now, numerous companies are adopting enhanced delivery methods, which can considerably speed up delivery and reduce operational costs, like using robots or drones. For example, according to an article by Forbes, students at George Mason University and Northern Arizona University have been getting food delivered by robots since the beginning of 2019. Later in the year, the company behind those robots, Starship Technologies, announced that it had raised USD 40 Million, led by Morpheus Ventures, to expand its service to 100 college campuses. Overall, the global revenue from online food delivery will reach USD 200 Billion by 2025 and with a CAGR of 14%, according to a research by Frost & Sullivan. 

By region, North America is home to more 10 online food delivery companies, with Grubhub leading the way as the most valuable one, accounting for over a one third of the total market share, according to Forbes. Europe also has more than 10 food delivery companies, with Dutch company Just Eat serving eight countries in the region, and controlling over 83% share of the total U.K. market share. In the meantime, in terms of number or orders and deliveries, the Asia-Pacific region is the absolute leader. This region accounts for a 55% share of the global online food delivery market share. Forbes also indicates that China alone registered over USD 34 Billion in online food delivery revenues in 2018, with two of its biggest players, Ele.me and Meituan Dianping recording about 10 billion deliveries between them back in 2018. In addition, in a wake of the Coronavirus outbreak in China, local food delivery services are discovering that they can play an important role in helping the public dealing with a crisis. According to recent data published by analytics site Sensor Tower, grocery delivery and recipe apps have climbed to the top of the charts as people continue to mostly stay indoors in areas where the virus is prevalent. For instance, Fresh Hema, Alibaba’s grocery delivery app peaked on February 8th, reaching nearly 100,000 downloads in a single day, compared to an average of approximately 29,000 per day during 2019.

For more information, please visit: China Xiangtai Food Co. Ltd.

For more corporate news on China Xiangtai Food Co. Ltd., check out the Buzz on the Street

About Buzz on the Street: One of FinancialBuzz.com’s latest corporate and financial news shows, covering the latest trending stock market news. Buzz on the Street looks to become a leader in corporate video news dissemination. Buzz on the Street is 100% original content, brought to you by Financial Buzz Media.

Sponsored Content Release. Click for Full Disclosure

  • Sponsored Content Release

    FinancialBuzz.com, a leading financial news informational web portal designed to provide the latest trends in Market News, Investing News, Personal Finance, Politics, Entertainment, in-depth broadcasts on Stock News, Market Analysis and Company Interviews. A pioneer in the financially driven digital space, video production and integration of social media, FinancialBuzz.com creates 100% unique original content. FinancialBuzz.com also provides financial news PR dissemination, branding, marketing and advertising for third parties for corporate news and original content through our unique media platform that includes Newswire Delivery, Digital Advertising, Social Media Relations, Video Production, Broadcasting, and Financial Publications.

    Please Note: FinancialBuzz.com is not a financial advisory or advisor, investment advisor or broker-dealer and do not undertake any activities that would require such registration. The information provided on http://www.FinancialBuzz.com (the ‘Site’) is either original financial news or paid advertisements provided [exclusively] by our affiliates (sponsored content), FinancialBuzz.com, a financial news media and marketing firm enters into media buys or service agreements with the companies which are the subject to the articles posted on the Site or other editorials for advertising such companies. We are not an independent news media provider and therefore do not represent or warrant that the information posted on the Site is accurate, unbiased or complete. FinancialBuzz.com receives fees for producing and presenting high quality and sophisticated content on FinancialBuzz.com along with other financial news PR media services. FinancialBuzz.com does not offer any personal opinions, recommendations or bias commentary as we purely incorporate public market information along with financial and corporate news. FinancialBuzz.com only aggregates or regurgitates financial or corporate news through our unique financial newswire and media platform. For china xiangtai food co. ltd., financial and corporate news dissemination, FinancialBuzz.com has been compensated five thousand dollars by the company. Our fees may be either a flat cash sum or negotiated number of securities of the companies featured on this editorial or site, or a combination thereof. The securities are commonly paid in segments, of which a portion is received upon engagement and the balance is paid on or near the conclusion of the engagement. FinancialBuzz.com will always disclose any compensation in securities or cash payments for financial news PR advertising. FinancialBuzz.com does not undertake to update any of the information on the editorial or Site or continue to post information about any companies the information contained herein is not intended to be used as the basis for investment decisions and should not be considered as investment advice or a recommendation. The information contained herein is not an offer or solicitation to buy, hold or sell any security. FinancialBuzz.com, members and affiliates are not responsible for any gains or losses that result from the opinions expressed on this editorial or Site, company profiles, quotations or in other materials or presentations that it publishes electronically or in print. Investors accept full responsibility for any and all of their investment decisions based on their own independent research and evaluation of their own investment goals, risk tolerance, and financial condition. FinancialBuzz.com. By accessing this editorial and website and any pages thereof, you agree to be bound by the Terms of Use and Privacy Policy, as may be amended from time to time. None of the content issued by FinancialBuzz.com constitutes a recommendation for any investor to purchase, hold or sell any particular security, pursue a particular investment strategy or that any security is suitable for any investor. This publication is provided by FinancialBuzz.com. Each investor is solely responsible for determining whether a particular security or investment strategy is suitable based on their objectives, other securities holdings, financial situation needs, and tax status. You agree to consult with your investment advisor, tax and legal consultant before making any investment decisions. We make no representations as to the completeness, accuracy or timeless of the material provided. All materials are subject to change without notice. Information is obtained from sources believed to be reliable, but its accuracy and completeness are not guaranteed. For our full disclaimer, disclosure and Terms of Use, please visit: http://www.financialbuzz.com.