China
Yum China sticks to dine-in, expansion plans post-virus
The company turned a profit despite being hard-hit by the pandemic.
Yum China sticks to dine-in, expansion plans post-virus
The company turned a profit despite being hard-hit by the pandemic.
Luckin Coffee's technology chief resigns amidst accounting scandal: report
The U.S. Securities and Exchange Commission is investigating the coffee chain for fabricating millions of dollars worth of sales deals.
Starbucks China banks on tech investments with Sequoia partnership
The coffee giant will look to form “commercial partnerships with next-generation food and retail technology companies”.
Starbucks partners with Beyond Meat, Oatly to introduce plant-based meat and drinks menu in China
Packaging for the new menu items is made from plant-based material.
KFC China to begin selling plant-based fried chicken
It will be sold at three outlets for a limited time.
McDonald's China apologises for banning Africans in Guangzhou store
The chain said the sign, which circulated on social media, is "not representative of our inclusive values”.
Starbucks expects China business to “fully recover” over the next two quarters
The decline of comparable store sales in March was less compared to February.
Luckin Coffee's value plunges after admitting to potential US$300m fraud
Billions were wiped off from its market capitalisation.
Yum China completes acquisition of controlling stake in Huang Ji Huang
The acquired brand operates 640 restaurants through a franchise model.
Yum China reopening stores as it sees “early signs of recovery”
Almost all stores that remained open since the start of the COVID-19 outbreak experienced “significant” declines in sales.
Starbucks to invest US$130m to build largest overseas roaster in China
The coffee chain shrugs off worries about the long-term impact of the COVID-19 outbreak.
Starbucks expects Q2 sales in China to drop by 50% due to COVID-19 disruption
But it assured investors that it is seeing “signs of recovery”.
In numbers: interest in Chinese, Italian cuisine sink amidst COVID-19 outbreak
China and Italy are some of the most hard-hit markets by the outbreak.
SSP Group forecasts February revenue hit of up to £12m due to COVID-19
The group observed sharp declines in air passenger numbers in Asia Pacific.
Nayuki mulls US IPO: report
The Chinese bubble tea chain seeks to raise as much as US$400 million.
Yum China makes donation to Wuhan hospital workers
The QSR company also launched an upgraded range of corporate catering solutions.
Growth opportunities in foodservice seen for China, India in 2020
This is amidst sluggish growth in both economies.
