Shanghai, China-based Yum China Holdings has completed the acquisition of a Chinese casual dining chain that serves up traditional dishes heavy on shrimp, pangasius, and tilapia.
Yum China, which was spun off of the Louisville, Kentucky, U.S.A.-based Yum Brands in 2016, and which now operates as an independent, publicly-traded company with more than 8,400 restaurants in China, including all KFC outlets across China, has purchased Beijing-based… Read More
Ghana’s sardine fishery is on the verge of collapse as a result of unsustainable fishing by visiting Chinese trawlers, according to a new report from the Environmental Justice Foundation.
The report examined “saiko,” the trade between foreign trawlers selling juvenile bycatch to Ghanaian artisinal fishers, who sell the fish in coastal communities. Previous EJF reports have claimed industrialization of the process is depleting… Read More
One of China’s leading fishery companies has sent a shipment of medical masks to Greece through its Greek shipping partner as part of a major Chinese effort to show solidarity with southern Europe.
Shanghai Kaichuang Marine International sent 50,000 surgical masks on a mercy Air China flight to Athens, organized through the China office of the Laskaridis Foundation. The foundation is run by the Greek family of the same name, which also… Read More
Chinese online retailer JD.com increased its sales by 150 percent in February year-over-year as Chinese citizens stayed home during the coronavirus lockdown.
In terms of sales volume (number of items sold), the company’s year-on-year growth rate in February was 256 percent, JD.com spokesperson Yuchuan Wang told SeafoodSource. As a company policy, JD.com declines to break down actual values or volumes.
Based off this strength, on 2 April,… Read More
The impact of the coronavirus is reshuffling the old order of the seafood industry in China, according to executives at numerous seafood firms interviewed by SeafoodSource.
Steven Li, CEO of Zhejiang-based Blue Snow Food Co. Ltd., which specializes in processing, trading, cold storage, and logistics, supplying seafood to around 8,000 supermarket outlets.
“The coronavirus did affect the transportation and shipment and delayed some… Read More
A Chinese firm is sending six new vessels to African waters as part of a continued push to shift its fishing focus away from overfished domestic waters and toward richer fishing grounds abroad.
Wenzhou Ocean Distant Water Fishing Co. launched six vessels simultaneously, with three headed to Senegal and the others to Guinea Bissau, CEO Wu Xiu Ling told state television. The vessels will target tuna, demersal fish, cephalopods, and shrimp.… Read More