China
KFC China opens 1000th store in Guangzhou market
A new side-by-side KCOFFEE cafe was opened as well.
Luckin Coffee signs $1.38b coffee bean purchase memorandum with ApexBrasil
This marks the largest coffee bean procurement for the coffee giant.
Domino's Pizza opens 1,000th store in China
The store is offering limited-time promotions via its ordering channels in the first 10 days of operation.
Tim Hortons China’s net loss narrows to US$12.5m in Q3 2024
Adjusted corporate EBITDA was a gain of US$300,000.
HEYTEA partners with international artist Yayoi Kusama to launch 7 new products
The brand is also sponsoring Kusama’s special art installation.
Yum China reports sales boost driven by new restaurant growth
Total system sales grew 4% year-on-year.
Chinese coffee giant Luckin Coffee eyes US entry
The brand reported an operating income of $222.1m in Q3.
Yum China to consider quarterly dividend for November
The declaration will be adopted on or around 4 November if the board decides to proceed.
Citic sells 19.23% McDonald's China, HK stake for $430.3m
The CITIC Capital consortium will hold 52% ownership in McDonald’s China.
Domino's Pizza allocates 7.66% shares in China business to institutional investors
This will be done through off-market block trades.
Why China’s coffee industry is booming
Chinese coffee chains are rapidly expanding into lower-tier cities, sparking fierce price wars.
Domino’s Pizza China eyes 1000th restaurant milestone by Q4
They also plan to open approximately 300 to 350 stores in 2025 and 2026.
Chanson International Holding net income slips 14.4% in H1
The drop in revenue was attributed to lower sales in China and the US
Weak catering demand to dampen Haidilao’s revenue growth in H2
Soft economic conditions will have consumers looking elsewhere.
Dairy Queen steers clear of China’s restaurant mid-market
It is also shunning a price war in the burger space, opting to go premium.
Yum China CFO resigns
He will serve as a an advisor to the CEO until February 2025.
