# Braised Food Industry

A Bitter Aftertaste: China’s Braised Food Giant Juewei Faces Financial Ruin and Regulatory Reckoning

Juewei Food, China's leading braised snack chain, has reported its first annual loss since 2017 following a 342 million RMB tax penalty. The company is struggling with the closure of 5,000 stores and the fallout from a five-year revenue concealment scheme uncovered by regulators.