China
Yum China completes acquisition of controlling stake in Huang Ji Huang
Yum China completes acquisition of controlling stake in Huang Ji Huang
The acquired brand operates 640 restaurants through a franchise model.
Yum China reopening stores as it sees “early signs of recovery”
Almost all stores that remained open since the start of the COVID-19 outbreak experienced “significant” declines in sales.
Starbucks to invest US$130m to build largest overseas roaster in China
The coffee chain shrugs off worries about the long-term impact of the COVID-19 outbreak.
Starbucks expects Q2 sales in China to drop by 50% due to COVID-19 disruption
But it assured investors that it is seeing “signs of recovery”.
In numbers: interest in Chinese, Italian cuisine sink amidst COVID-19 outbreak
China and Italy are some of the most hard-hit markets by the outbreak.
SSP Group forecasts February revenue hit of up to £12m due to COVID-19
The group observed sharp declines in air passenger numbers in Asia Pacific.
Nayuki mulls US IPO: report
The Chinese bubble tea chain seeks to raise as much as US$400 million.
Yum China makes donation to Wuhan hospital workers
The QSR company also launched an upgraded range of corporate catering solutions.
Growth opportunities in foodservice seen for China, India in 2020
This is amidst sluggish growth in both economies.
Luckin Coffee slams anonymous report on alleged fraud
The China-based coffee chain said it is taking “appropriate” actions on the matter.
Yum China's same-store CNY sales down almost half amidst Wuhan virus outbreak
The restaurant operator has also introduced contactless delivery services amidst slumping dine-in traffic.
Yum China launches new fund for management team's families
This follows the company’s existing family care program for their general managers.
Jollibee padlocks 14 Yonghe King restaurants in Hubei, China due to coronavirus outbreak
The stores represent less than 1% of the company’s total store network.
HEYTEA launches mobile app in Singapore, Hong Kong
It was made in partnership with global financial technology firm Wirecard.
China's food delivery segment only area seen to benefit during coronavirus outbreak: analysis
Short term downside risk to consumer spending is also forecasted.
McDonald's, Starbucks, KFC shut China stores amidst coronavirus outbreak
Currently, the death toll has reached over a hundred with 4,500 confirmed infections.
Nayuki eyes US, Japan expansion
The Chinese fresh fruit tea brand runs 400 tea shops across China and three outlets in Singapore.
