China

Luckin Coffee targets valuation of US$2 billion

Luckin Coffee targets valuation of US$2 billion

The amount is double the size than its previous valuation of US$1 billion.

Starbucks China's delivery service expanded to 1,100 stores

The coffee giant have also trialled their Star Kitchens in Shanghai and Hangzhou.

Haidilao, Panasonic form joint venture to launch robot restaurant

They also expressed plans to launch 5,000 more sites internationally for the said concept.

McDonald's China pledges to build 1,800 ‘green' stores by 2022

Some restaurants in Beijing will also pilot a program to reduce straws.

Yum! China reports 4% system sales growth for third quarter

The results are driven by their digital and delivery platforms.

Starbucks China launches initiative to support coffee farmers in Yunnan

The campaign includes giving farmers irrigation and processing facilities. Starbucks has announced that their Starbucks China Farmer Support Centre (FSC) plans to train 50,000 farmers and give education and health support to 6,000 children by 2023. The first phase of the campaign includes a pilot program with the charitable organisation China Foundation for Poverty Alleviation (CFPA), where the coffee chain will provide farmers customized agricultural inputs such as fertilizers, soil improvements and access to irrigation and processing facilities. The said partnership with CFPA will also give 400 elementary school students 400 hours of supplemental education each which includes enrichment activities that improves the students’ mental and emotional development. “Starbucks has helped establish Yunnan as one of the most important coffee producing regions globally by improving market access for farmers and bringing the best of China’s arabica coffee to the world,” Belinda Wong, CEO of Starbucks China, said. “I am thrilled to partner CFPA as their unparalleled expertise and capabilities make them the ideal partner to kick-off our commitment to address pressing needs faced by China’s coffee farmers even more effectively. This is only the beginning of our ambition to scale our efforts, one village at a time, to build thriving coffee farming communities for generations to come.”

Starbucks to expand delivery services to 11 more cities in China

The delivery programme also includes full coverage of Beijing and Shanghai. Starbucks will be launching their delivery services in 11 cities in China through the online food delivery platform Ele.me, a subsidiary of Alibaba. The move is part of their plan to enable delivery services for 2,000 Starbucks stores across 30 cities, as a result of the coffee giant’s partnership with the e-commerce company. Meanwhile, Starbucks Korea has announced that they will be launching 300 more cashless stores. The move is driven by the positive results of their existing 103 cashless stores. They also reported that their cash settlement ratio have decreased from 3.4% to 0.2% in the past three months.

For a “fashionable dining experience”: Yum China unveils new, modernised look for Pizza Hut

The pizza chain also launched a concept store that will serve as a product testing hub.

Jumbo Seafood launches seventh site in China

The site marks as the brand’s 15th restaurant in Asia.

What's driving the brewing coffee war in China?

Changes in consumer trends are boosting coffee sales in the country.

Yum China reportedly turns down private buyout offer

The offer is said to be the largest take-private in Asia if the food operator accepted.

Is a Yum China buyout on the horizon?

KFC, Pizza Hut, and Taco Bell in China could soon belong to new owners.

The rise of robots in China's foodservice industry

E-commerce giant Alibaba will roll out chain of diners staffed by robotic waiters.

McDonald's China passes 300-store mark

The fast food giant is pressing ahead with its expansion strategy.

Mao Shan Café eyes expansion across China

The durian-based cafe brand is targeting 100 stores by 2020.

E-Land pulls out Coffee Bean & Tea Leaf business in China

The move is part of the company’s efforts to improve their financial structure.

Starbucks confirms partnership with Alibaba Group, set to leverage Ele.me delivery platform by September

The global coffee chain will also collaborate with Alibaba's Hema supermarkets to establish “Starbucks Delivery Kitchens”.