China
Yum China reports 4% total system sales boost in Q2
Yum China reports 4% total system sales boost in Q2
This was attributed to the group’s effort in creating low ticket items.
Luckin Coffee reports net revenue surge of 35.5% in Q2
The brand saw fewer outlet openings this quarter.
Luckin Coffee opens 20,000th location
Luckin is considered the largest coffee chain in China by store count.
% Arabica and Louis Vuitton opens pop-up in Beijing
The pop-up will be open until 28 July.
Dairy Queen launches first hot food restaurant concept in Asia
The restaurant concept is located in China.
Inside McDonald’s $206m supply chain hub in China
This is a joint project between four of McDonald’s China’s major suppliers
Popeyes parent spends $45m to build China business
RBI announced plans to ramp up the expansion of Popeyes in the country.
KFC China’s coffee brand reaches 200 outlets
The unique concept features a cafe area adjacent to KFC outlets.
China’s Luckin Coffee reportedly mulling Malaysia debut
Its only international market is Singapore.
Luckin Coffee secures $500m trade deal for Brazilian coffee beans
The coffee giant recently signed an MoU with ApexBrasil.
Luckin Coffee announces board reappointments
The company’s directors only have a two-year term of office limit.
Domino’s Pizza China revenues surged 51% boosted by new market entries
It was the first time new markets exceeded 50% revenue contribution.
Yum China sales boosted by record breaking restaurant quarter opening
The company opened a total of 378 restaurants in the first quarter of 2024.
Luckin Coffee first quarter revenues jump 41.5%
The group reported more than a 100% jump in average monthly transacting customers in Q1.
Chinese consumers dine out less amidst increasing restaurant prices
Almost 2 in 5 are paying attention to restaurant coupons for discounts.
Luckin Coffee starts trial operations of green coffee bean processing plant
The facility will help optimise and improve the brand’s supply chain.
Luckin Coffee doubles revenue, store count in 2023
The brand has surpassed Starbucks China in annual sales for the first time.
