China
Dairy Queen steers clear of China’s restaurant mid-market
Dairy Queen steers clear of China’s restaurant mid-market
It is also shunning a price war in the burger space, opting to go premium.
Yum China CFO resigns
He will serve as a an advisor to the CEO until February 2025.
Yum China reports 4% total system sales boost in Q2
This was attributed to the group’s effort in creating low ticket items.
Luckin Coffee reports net revenue surge of 35.5% in Q2
The brand saw fewer outlet openings this quarter.
Luckin Coffee opens 20,000th location
Luckin is considered the largest coffee chain in China by store count.
% Arabica and Louis Vuitton opens pop-up in Beijing
The pop-up will be open until 28 July.
Dairy Queen launches first hot food restaurant concept in Asia
The restaurant concept is located in China.
Inside McDonald’s $206m supply chain hub in China
This is a joint project between four of McDonald’s China’s major suppliers
Popeyes parent spends $45m to build China business
RBI announced plans to ramp up the expansion of Popeyes in the country.
KFC China’s coffee brand reaches 200 outlets
The unique concept features a cafe area adjacent to KFC outlets.
China’s Luckin Coffee reportedly mulling Malaysia debut
Its only international market is Singapore.
Luckin Coffee secures $500m trade deal for Brazilian coffee beans
The coffee giant recently signed an MoU with ApexBrasil.
Luckin Coffee announces board reappointments
The company’s directors only have a two-year term of office limit.
Domino’s Pizza China revenues surged 51% boosted by new market entries
It was the first time new markets exceeded 50% revenue contribution.
Yum China sales boosted by record breaking restaurant quarter opening
The company opened a total of 378 restaurants in the first quarter of 2024.
Luckin Coffee first quarter revenues jump 41.5%
The group reported more than a 100% jump in average monthly transacting customers in Q1.
Chinese consumers dine out less amidst increasing restaurant prices
Almost 2 in 5 are paying attention to restaurant coupons for discounts.
