Shares of Beyond Meat are soaring after its Executive Chairman Seth Goldman told China news agency Xinhua that the company hopes to enter the Chinese mainland market this year. “We haven’t announced anything, but we are expected to do something this year,” Goldman said Monday on the sidelines of Retail’s Big Show 2020, according to Xinhua. Beyond Meat has launched its plant-based burgers and sausages in Canada and European countries, and is looking to build production facilities in other countries and source locally, Goldman added. Shares of Beyond Meat are up 6.5%, or $7.41, to $121.75 in early trading. The stock reached as high as $135.23 in a volatile morning of trade that included a circuit breaker halt.
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