HONG KONG -- Six months ago David Chang thought he was on to a surefire moneymaking opportunity: China's booming trade in pre-prepared food. Now, he's lost his appetite for the business.

Tech titan Alibaba has gotten into the ready-to-eat food business via its investment in Freshippo, whose offerings can be seen at this Hema Supermarket in Shanghai. (Photo by CK Tan)
Pre-prepared meal kits have been a COVID hit with consumers but pitfalls remain