Albert Tseng: Plant-Based China

Species Unite

elizabeth novogratz

Philosophy, Society & Culture

5.0 • 911 Ratings

🗓️ 9 November 2022

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

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Summary

"The resource allocation of global attention on China is not commiserate with the size and scale of the problem that China represents." Albert Tseng

Albert Tseng is co-founder of Dao Foods, an impact-oriented investment firm that invests in plant-based and alternative protein companies based in mainland China and focused on the Chinese market.

With rapidly rising incomes and increasing meat consumption in China, Dao Foods' aim is to introduce alternative products into the China market to reduce the consumer demand for animal products which has had growing negative climate, environmental, food safety and health impact.

"The average American eats about 120 kilograms of meat per year. Back in 1990, that number was about 20 kilograms per capita in China. In 2017 that has gone up to 60 kilograms. Still only half as much of an average North American. But you can see the trend that we went from 20 kilograms to 60 kilograms, and just that tracks to income growth. So, if we start to reach parity of animal protein consumption in China with a population of 1.4 billion people, then then we're going to have all sorts of acceleration of all the global problems that we have." - Albert Tseng

Links:

https://www.daofoods.com/

albert@daofoods.com

Transcript

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0:00.0	Species, unite, unites. The resource allocation of
0:18.0	allocation of global attention on China is not commiserate with the size and scale of the problem that China represents. Hi, I'm Elizabeth Novigrats. This is Species Unite. We have a favor to ask. If you like today's episode and you have a spare minute could you please
0:45.0	rate and review Species Unite on Apple Podcast or wherever you listen to podcasts it
0:51.6	really helps people to find the show.
0:53.0	the show.
0:54.0	This conversation is with the show.
0:55.0	This conversation is with Albert saying.
1:04.0	Albert is the co-founder of Dow Foods,
1:07.0	an impact-oriented investment firm that invest in plant-based
1:10.0	and alternative protein companies based in mainland China. Hi Albert, I'm. We talked last week and I learned a lot about you and I learned a lot about your story.
1:36.0	So I want to start with that because it lays the groundwork like for what you're doing.
1:40.0	So maybe just a quick background on myself. I'm ethnically Chinese, but I was born and raised in Canada.
1:46.0	The first 10 years of my career was in medical technology, so MRI,
1:50.7	ultrasound, x-ray, all those types of things and predominantly focused in North America,
1:56.7	U.S. and Canada. I just, you know, at being having the privilege of growing up in Canada,
2:02.4	really wanted to kind of see the rest of the world.
2:04.8	And my wife and I, every year for a anniversary before we had kids, we travel around the world and
2:10.4	you know, went through Africa Africa the Middle East Asia South America and and just saw that you know there was a lot of global issues and global problems that that I was really interested in how capital and business could solve those issues.
2:26.0	I did this for about seven years
2:28.0	and you know to different countries and you know as my career in medical technology was moving on, it said, if I don't make a change now, I'll never make a change.
2:38.8	And so there was a program at the Harvard Kennedy School which allowed you to focus on whatever
2:45.2	global issues you thought were important.
	...

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