China
Starbucks reports 45% revenue surge for Q1 in APAC
Starbucks reports 45% revenue surge for Q1 in APAC
The growth is driven by the ownership change in East China as well as their 13% store growth.
Pacific Coffee partners with IBM to launch first ‘smart' cafe
The coffee chain is looking to cut costs whilst improving customer experience.
Jollibee taking legal action to protect trademark from ‘JoyRulBee' in China
A viral video revealed a Chinese outlet seemingly mimicking the Philippine chain’s bee logo and in-store design.
Luckin Coffee preparing for an IPO: report
The Chinese coffee startup previously said they want to open 2,500 stores this year.
Luckin Coffee lays out aggressive plan to launch 2,500 stores in 2019
The news follows after they collected US$200 million in its latest funding round.
Burger King eyes 1,000 new sites in China for the next three years
The burger chain sees growing potential of the foodservice and delivery sectors in the country.
Coca-Cola completes acquisition of Costa Coffee
The news comes after the beverage company gained the approval of the sale in the European Union and China.
Starbucks-Alibaba partnership unveils first virtual store in China
It provides customers access to both companies’ digital platforms.
Luckin Coffee collects US$200 million in second funding round
The funding round is led by investors including Singapore sovereign wealth fund GIC and China International Corp.
Yum China recognised as Top Employer 2019
The fast food operator says that they will continue to provide more opportunities for their employees.
Costa Coffee acquisition by Coca-Cola gains approval in China
The beverage company only needs the approval from EU and Whitbread’s pension fund trustees.
Yum China aims to redefine the customer experience with new KFC ‘future' store concept
The fast food operator also introduced the fully-automated dessert station in Suzhou.
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.
