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Chinese plant-based meat startup Starfield raises $100m

Company wants to accelerate product development for Generation Z

Starfield says it sells products across 14,000 stores In China through partnerships with over 100 brands. (Screenshot from Starfield website)

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.

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