China

GlobalData sees China’s hot drinks market exceeding $48b in 2026

The market may register a compound annual growth rate of 6%.

GlobalData sees China’s hot drinks market exceeding $48b in 2026

The market may register a compound annual growth rate of 6%.

JFC expands China presence with 9th Tim Ho Wan store

The company plans to open 10 more in the market. 

Coffee spending in China to grow from 2022 to 2026: Fitch

Firms are entering the growing coffee market in China.

Telecommunication giant Huawei is entering the coffee market

One registered trademark translates to “One Cup of Coffee Absorbs Cosmic Energy”.

Luckin Coffee now bigger than Starbucks in China

The scandal-tainted startup is staging a comeback.

Yum China launches ‘green’ KFC stores in Beijing, Hangzhou

The company expects the Green Pioneer Stores are expected to further cut GHG emissions.

Yum China names Johnson Huang as first chief customer officer

Warton Wang, currently the company's chief development officer, will succeed Huang as general manager for KFC.

Domino’s China operator files for Hong Kong listing

DPC revealed plans to open 120 new stores this year.

Yum China expands share repurchase plan

The company earlier said it might delist from the New York Stock Exchange by 2024.

Dairy Queen to open 600 more stores in China by 2030

The chain already has over 1,100 restaurants in the market. 

Haidilao’s billionaire co-founder steps down as CEO

The announcement comes as the chain prepares to post its first loss since at least 2015.

Yum China grows sales despite Delta outbreaks

Net income increased 26% to US$990 million.

Starbucks China sees 14% dip in Q1 sales

The coffee giant’s global CEO acknowledged the impact of soaring inflation, higher worker costs and the impact of the Omicron variant on the business.

Starbucks China ties up with Meituan to widen delivery, offer private cafe bookings

More than 60 stores in Beijing, Shanghai, Shenzhen and Chengdu now offer this ‘1971 Salon’ reservation service, with plans to expand.

KFC China’s ‘blind boxes’ promo slammed for ‘causing food waste’, overspending

The promotional boxes have sold out, partly due to scalpers reselling the toys for higher prices.

Papa John’s inks deal to open over 1,300 stores in China by 2040

The franchisee development agreement is the biggest in the pizza chain’s history.

Tim Hortons China operator bets on compact “Go” format with METRO partnership

The first seven stores operating under the new agreement recently opened in four cities.