China

Starbucks poised to lead the coffee industry in China

Starbucks poised to lead the coffee industry in China

The number of stores in China has grown from 800 to 3,200 in the past five years, with an average of one new store opening every 15 hours.

Alibaba acquires Chinese delivery startup Ele.me in $9.5b deal

It plans to expand in China’s fast-growing market for local delivery of food and other services.

BreadTalk forms joint ventures to operate bakeries in China

The joint ventures will run Wu Pao Chun bakeries in Beijing, Shanghai, Shenzhen and Guangzhou.

Marine Harvest to open 2,000 salmon-only fast food outlets in China

It believes this will help expand demand for the farmed fish among the country’s growing middle class.

TenRen Tea to open further eight sites by 2020

It plans to use the 65.6% of IPO proceeds to open new outlets and widen its retail footprint.

KFC China launches cultural-themed restaurants in 18 cities

It hopes to bolster customers' cultural experiences in their restaurants through technology.

Yum China's net income crashed 20% in 2017

For the fourth quarter, Yum's operating profit rose by 23% to $71 million.

McDonald's rolls out flagship 'future' store in Guangzhou

With a goal of creating a new customer-centric, digital-driven dining experience, the Victoria Square restaurant features new eight 'future' elements. These include buffet ordering, special menu, delivery to the table, newly-integrated McDonald's App, WeChat applet member points, mobile payment, two-point counter, and electronic dining cards.

Starbucks China posts record revenue of $6 billion in Q1

The coffee behemoth delivered solid profit growth and its first ever $6 billion revenue quarter in Q1.

McDonald's in Shanghai denies allegations of food contamination

It follows the claims that food in two of its sites were said to contain diethylhexyl phthalate (DEHP).

Yum China outlines strategic plans for growth

It will focus on store refurbishments, menu innovation, as well as development in the digital space.

Starbucks unveils multi-sensory retail experience in the first Shanghai Roastery

The launch of the Roastery will see the debut of Italian artisan Rocco Princi bakery and Teavana bar in China.

Starbucks launches new store in China every day

According to news sources, Street analysts are worried about cannibalization.

Jollibee halts operation of hotpot chain in Shanghai

It has shut 16 stores under the 12 Hotpot brand to concentrate on larger ventures in China.

Pizza Hut China's system sales soar 17% in Q3

Yum! Brands, Inc. has reported results for the third quarter ended September 30, 2017.

McDonald's China changes business name

The firm will change its registered business name to Golden Arches (China) Co Ltd.

Jollibee Food Corp to accelerate expansion in China, US

The company is on track to double its profit in the five years through 2019.