China
Luckin Coffee's tea business to launch as an independent brand
Luckin Coffee's tea business to launch as an independent brand
The tea brand is expected to accelerate the company’s expansion into lower-tiered cities.
Yum China to acquire controlling stake in Huang Ji Huang
The transaction is expected to close in early 2020.
Burger King's China franchisee mulls Hong Kong IPO: report
TAB Food Investments could seek a US$1bn valuation.
Haidilao's sales grew by 59.3% to US$1.66bn in H1 2019
The chain’s 130 new store openings were key in its growth.
Ice cream shops market in China grew 14% in 2018: report
Mintel says there is potential in after-meal occasions.
Luckin Coffee CEO says they are on track to become the largest coffee chain in China
The chain added nearly 600 locations during Q2.
Fatburger opens fifth location in China
The new outlet is located in Beijing’s Pacific Century Place.
Yum China to invest up to US$525m to open at least 800 stores this year
Most of the upcoming stores will be KFC outlets and its new Coffii & Joy cafe chain.
Starbucks raises full-year earnings and revenue forecast, beats Q3 estimates
CEO Kevin Johnson says its US and China markets performed “extremely well”.
Luckin Coffee forms joint venture to enter Greater Middle East, India
China’s fastest growing coffee chain makes its first move overseas.
Popeyes reveals plan to open more than 1,500 restaurants in China
The chicken chain is the latest international brand to enter the growing market.
Inside Starbucks' first express retail store in Beijing
The coffee giant’s first ‘Now’ format combines its traditional café environment with their digital touchpoints.
Hot Dog On A Stick unveils first China store
20 more stores are slated to open in Shanghai.
Urban Tea plans to roll out more stores in China
The brand will expand to 28 stores initially.
McDonald's China links loyalty programme to Ele.me app
More than 2,000 branches of the fast food giant now have a virtual presence on the app.
Starbucks unveils first sign language store in China
The coffee chain also opened signing stores in Malaysia and Washington, D.C.
Luckin Coffee's spend on advertising, marketing “may be unsustainable”: Fitch Solutions
The Chinese coffee startup recently announced its plan to raise up to US$510 million in their US IPO.
