Chinese plant-based meat startup Starfield raises $100m

HONG KONG -- Starfield Food Science & Technology, a Chinese startup that develops plant-based meat alternatives, announced on Tuesday the completion of a $100 million Series B funding round led by private equity firm Primavera Capital Group.

E-commerce giant Alibaba's strategy chief, Ming Zeng, participated in the deal, alongside existing investors Sky9 Capital, Joy Capital, Matrix Partners China and Lightspeed China Partners.