China
GlobalData sees China’s hot drinks market exceeding $48b in 2026
GlobalData sees China’s hot drinks market exceeding $48b in 2026
The market may register a compound annual growth rate of 6%.
JFC expands China presence with 9th Tim Ho Wan store
The company plans to open 10 more in the market.
Coffee spending in China to grow from 2022 to 2026: Fitch
Firms are entering the growing coffee market in China.
Telecommunication giant Huawei is entering the coffee market
One registered trademark translates to “One Cup of Coffee Absorbs Cosmic Energy”.
Luckin Coffee now bigger than Starbucks in China
The scandal-tainted startup is staging a comeback.
Yum China launches ‘green’ KFC stores in Beijing, Hangzhou
The company expects the Green Pioneer Stores are expected to further cut GHG emissions.
Yum China names Johnson Huang as first chief customer officer
Warton Wang, currently the company's chief development officer, will succeed Huang as general manager for KFC.
Domino’s China operator files for Hong Kong listing
DPC revealed plans to open 120 new stores this year.
Yum China expands share repurchase plan
The company earlier said it might delist from the New York Stock Exchange by 2024.
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.
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