China
Starbucks expands Greener Stores initiative to Asia
Starbucks expands Greener Stores initiative to Asia
The coffee giant will open its first Greener Store outside North America in Shanghai, China.
Yum China, Lavazza lay $200m plan to open 1,000 stores by 2025
Lavazza has 22 stores in China across Shanghai, Hangzhou, Beijing and Guangzhou.
Jumbo Seafood opens outlet in Universal Studios' Beijing resort
The restaurant is the group’s Jumbo Seafood restaurant in China.
Heytea reportedly eyeing $500m Hong Kong IPO
Plans are understood to be preliminary.
Yum China’s Q3 profit to take 50-60% hit due to COVID Delta variant, company warns
Over 500 restaurants in 17 provinces were closed or offered only takeaway and delivery.
KFC adds vegan ice cream to its menus across China
The latest move is part of the company’s series of forays to integrate plant-based alternatives.
Yoshinoya, Dairy Queen operator Hop Hing Group to go private
The company operated 390 Yoshinoya and 189 Dairy Queen restaurants in China as of the end of 2020.
Starbucks China promotes Leo Tsoi as chief executive officer
He served as the company’s chief operating officer and president of Starbucks Retail for the last five years.
Chinese burger chain Bingz opens first North American restaurant
The concept, which is known for its signature “crispy burgers”, was founded by two Tencent software engineers in 2014.
Tim Hortons’ China biz to go public in $1.7bn SPAC merger
The deal is expected to close in the fourth quarter.
Yum China sees Q2 growth despite Delta variant impact
It opened 404 stores during the quarter.
Shake Shack ramps up China expansion, eyes ten more locations by 2031
There are currently 16 Shacks open in the market.
Arabica reaches 90 stores with new U.S., China locations
A majority of its locations are franchise operations.
Yum China commits to science-based emissions reduction targets
It plans to define a target and roadmap to reduce GHG emissions along its value chain within 24 months.
Yum China's profit tops pre-COVID levels
The company added 315 new stores in the first three months of the year.
Starbucks same-store sales in China surges by 91% in Q2
Transactions soared by 93%.
Luckin Coffee secures US$250 million in funds, replaces auditor
The funds will be used in part to fulfill its obligations under a settlement with the U.S. Securities and Exchange Commission.
