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Carrefour Group will retain a 20 percent stake in the business and two seats out of seven on Carrefour China's Supervisory Board.
Chan Tong-kai, center, leaving Pik Uk Prison in the New Territories, Hong Kong, on Oct 23, 2019, after serving a 29-month jail term for money laundering. [PHOTO / CHINA DAILY]
Cao Peng, founder of Smeal (Shanghai) Biotechnology Co Ltd, a 2-year-old startup, said its monthly sales surged four to five times from January to August year-on-year, as people preferred convenience foods when shopping and dining out were restricted during the COVID-19 pandemic peak period.
Chan said he is now working on adjusting the budget, which will be delivered in late February, to better help the affected industries to cope with the worsening situation.
Carlos introduced Liwayway, the family's snack business in the Philippines, to China in 1993, setting up two joint ventures in Shanghai and creating the brand Shanghaojia, a Chinese equivalent of its already successful Oishi back in the Philippines. Over the span of a decade, the brand grew to become one of the most popular in the market.
来源：资阳报