China
Citic sells 19.23% McDonald's China, HK stake for $430.3m
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.
Why China’s coffee industry is booming
Chinese coffee chains are rapidly expanding into lower-tier cities, sparking fierce price wars.
Domino’s Pizza China eyes 1000th restaurant milestone by Q4
They also plan to open approximately 300 to 350 stores in 2025 and 2026.
Chanson International Holding net income slips 14.4% in H1
The drop in revenue was attributed to lower sales in China and the US
Weak catering demand to dampen Haidilao’s revenue growth in H2
Soft economic conditions will have consumers looking elsewhere.
Dairy Queen steers clear of China’s restaurant mid-market
It is also shunning a price war in the burger space, opting to go premium.
Yum China CFO resigns
He will serve as a an advisor to the CEO until February 2025.
Luckin Coffee reports net revenue surge of 35.5% in Q2
The brand saw fewer outlet openings this quarter.
Luckin Coffee opens 20,000th location
Luckin is considered the largest coffee chain in China by store count.
% Arabica and Louis Vuitton opens pop-up in Beijing
The pop-up will be open until 28 July.
Dairy Queen launches first hot food restaurant concept in Asia
The restaurant concept is located in China.
Inside McDonald’s $206m supply chain hub in China
This is a joint project between four of McDonald’s China’s major suppliers
Popeyes parent spends $45m to build China business
RBI announced plans to ramp up the expansion of Popeyes in the country.
KFC China’s coffee brand reaches 200 outlets
The unique concept features a cafe area adjacent to KFC outlets.
China’s Luckin Coffee reportedly mulling Malaysia debut
Its only international market is Singapore.
Luckin Coffee secures $500m trade deal for Brazilian coffee beans
The coffee giant recently signed an MoU with ApexBrasil.
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Event News
The event is on 3 April.
