Joyvio Hit Hard After Salmon Removed From Shelves in China
Salmon has recently run into trouble in the Chinese market, and has been taken off the shelves in quite a number of supermarkets and restaurants. This has exerted great influence on the country’s salmon industry and hit relevant companies hard. Joyvio, one subsidiary of the Lenovo Group, is among the greatest victims.
On June 15, its share price once contracted by as much as 9%, greater than any other salmon companies there. What’s worse, this scandal seems to have disrupted the company’s future development plan, which attaches great importance to...
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