FRANCHISING | Staff Reporter, China

Jollibee Foods Corporation opens first Tim Ho Wan in China, plans to have 100 restaurants in five years

The Philippine conglomerate is planning to open a second store by end-2020.

Jollibee Foods Corporation (JFC) announced the opening of its first Michelin-starred Tim Ho Wan in China.

Located in the Jing'an Kerry Center in Shanghai, the opening is the starting point for JFC’s plans to open 100 Tim Ho Wan restaurants in the next 5 years.

Tim Ho Wan is also the latest addition to the portfolio of brands being directly operated by JFC and is a joint venture with the Tim Ho Wan Group.

"The core of Tim Ho Wan is to serve delicious authentic Hong Kong dim sum to more people at a good value for money, and this is why we believe that Tim Ho Wan is a great addition to the Jollibee Group's portfolio," Jollibee Foods Corporation CEO Ernesto Tanmantiong said in a statement.

"We are excited to grow the Tim Ho Wan brand in Mainland China as we leverage on our established network here and knowledge in food-service," added Jollibee Foods Corporation China chairman Carl Tancaktiong. "Given the response we are seeing, we are planning to open the second store by the end of this year. Aside from Shanghai, we will also open in Beijing, Shenzhen, and Guangzhou."

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