China
KFC China’s ‘blind boxes’ promo slammed for ‘causing food waste’, overspending
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.
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.
