China
Luckin Coffee’s net revenue surges by 38% YoY in FY2024
Luckin Coffee’s net revenue surges by 38% YoY in FY2024
Total number of stores increased by 37.5% YoY to 22,340.
1 day ago
Restaurant Brands International buys back Burger King China
The transaction price was approximately $158m in cash.
2 days ago
Yum China’s net profit climbs by 10% YoY to $911m in 2024
Its net profit for Q4 2024 also increased by 18.6% to $115m.
Yum China sales increase by 5% YoY in 2024
The company increased its cash dividend to 50%.
Tim Hortons China opens doors in Nanchang
The new store in Nanchang joins Tims China’s network of 1,022 stores across 82 cities.
Domino's Pizza China enters 13 new cities with 14 store openings
DPC Dash has now entered 46 cities across the China Mainland.
Yum China announces $360m share buyback H1 2025
This is part of a broader capital return plan
KFC China opens 1000th store in Guangzhou market
A new side-by-side KCOFFEE cafe was opened as well.
Luckin Coffee signs $1.38b coffee bean purchase memorandum with ApexBrasil
This marks the largest coffee bean procurement for the coffee giant.
Domino's Pizza opens 1,000th store in China
The store is offering limited-time promotions via its ordering channels in the first 10 days of operation.
Tim Hortons China’s net loss narrows to US$12.5m in Q3 2024
Adjusted corporate EBITDA was a gain of US$300,000.
HEYTEA partners with international artist Yayoi Kusama to launch 7 new products
The brand is also sponsoring Kusama’s special art installation.
Yum China reports sales boost driven by new restaurant growth
Total system sales grew 4% year-on-year.
Chinese coffee giant Luckin Coffee eyes US entry
The brand reported an operating income of $222.1m in Q3.
Yum China to consider quarterly dividend for November
The declaration will be adopted on or around 4 November if the board decides to proceed.
Citic sells 19.23% McDonald's China, HK stake for $430.3m
The CITIC Capital consortium will hold 52% ownership in McDonald’s China.
Domino's Pizza allocates 7.66% shares in China business to institutional investors
This will be done through off-market block trades.
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