Similar views were expressed by Zhang Feng, vice-president of Avant Sports Industrial Co, another sports equipment and facility manufacturer based in Shenzhen, which supplied tens of thousands of movable and retractable seats for the eight World Cup venues in Qatar.

Similar to CellX, cultured meat companies such as Joes Future Food in Nanjing, Jiangsu province, and Hong Kong's Avant Meats respectively obtained financing worth tens of millions of yuan in 2021, according to China Food News.

To bring more choices to Chinese consumers and enhance its competitiveness in the Chinese market, the Sino-German auto joint venture will roll out more new models, including the e-tron, luxury SUV Q8, as well as the all-new A6 Allroad and A6 Avant.

The company said Audi will roll out new models in the second half of the year to bring more choices for Chinese consumers, including the e-tron, luxury SUV Q8, as well as the all-new A6 allroad and A6 Avant.