China
Dairy Queen to open 600 more stores in China by 2030
Dairy Queen to open 600 more stores in China by 2030
The chain already has over 1,100 restaurants in the market.
Haidilao’s billionaire co-founder steps down as CEO
The announcement comes as the chain prepares to post its first loss since at least 2015.
Yum China grows sales despite Delta outbreaks
Net income increased 26% to US$990 million.
Starbucks China sees 14% dip in Q1 sales
The coffee giant’s global CEO acknowledged the impact of soaring inflation, higher worker costs and the impact of the Omicron variant on the business.
Starbucks China ties up with Meituan to widen delivery, offer private cafe bookings
More than 60 stores in Beijing, Shanghai, Shenzhen and Chengdu now offer this ‘1971 Salon’ reservation service, with plans to expand.
KFC China’s ‘blind boxes’ promo slammed for ‘causing food waste’, overspending
The promotional boxes have sold out, partly due to scalpers reselling the toys for higher prices.
Papa John’s inks deal to open over 1,300 stores in China by 2040
The franchisee development agreement is the biggest in the pizza chain’s history.
Tim Hortons China operator bets on compact “Go” format with METRO partnership
The first seven stores operating under the new agreement recently opened in four cities.
Jollibee ramps up expansion of three brands across China
The company described the country as one of their "four pillar markets".
Haidilao eyes US$301m share sale for credit facilities repayment
It previously announced it will be shutting down or suspending the operations of around 300 restaurants.
Jollibee, Yum China, RBI considering bids for Chinese restaurant chain Wagas: report
The owners of the Wagas business are seeking a valuation of US$800 million to US$1 billion or more.
Haidilao to close or suspend around 300 restaurants by end-2021
Affected employees would be redeployed within the group.
Tim Hortons China opens 300th store
The business, through a merger, is set to go public.
Domino’s Pizza China franchisee weighing Hong Kong IPO: report
A potential listing by Dash Brands Ltd. could raise about US$100 million.
Yum China bolsters digital capabilities with new research center
The centre will consolidate and expand resources to develop new solutions and services using technologies in big data, AI, and others.
Haidilao to slow growth as COVID-19 subdues consumer appetite
China’s biggest hot pot chain embarked on an expansion drive in early 2020 that resulted in an almost-1,600 store network.
McDonald’s releases first NFT, launches new flagship restaurant
188 of the digital tokens will be given to some company employees and customers.
