China
Luckin Coffee announces board reappointments
Luckin Coffee announces board reappointments
The company’s directors only have a two-year term of office limit.
Domino’s Pizza China revenues surged 51% boosted by new market entries
It was the first time new markets exceeded 50% revenue contribution.
Yum China sales boosted by record breaking restaurant quarter opening
The company opened a total of 378 restaurants in the first quarter of 2024.
Luckin Coffee first quarter revenues jump 41.5%
The group reported more than a 100% jump in average monthly transacting customers in Q1.
Chinese consumers dine out less amidst increasing restaurant prices
Almost 2 in 5 are paying attention to restaurant coupons for discounts.
Luckin Coffee starts trial operations of green coffee bean processing plant
The facility will help optimise and improve the brand’s supply chain.
Luckin Coffee doubles revenue, store count in 2023
The brand has surpassed Starbucks China in annual sales for the first time.
Yum China sales surged 21% in FY 2023
Sales were boosted by new restaurant openings.
McDonald’s China to trial RFID chip technology to improve supply chain
This will cut down the time needed for stocktaking from one hour to 15 minutes.
KFC to challenge China’s coffee market
The brand recently opened its 10,000th restaurant in China.
Indonesian coffee brand Tomoro Coffee marks China debut
The brand plans to open 400 outlets in the country.
McDonald’s eyes bigger bite on China market
McDonald’s Corporation will now own 48%, remaining as a minority partner.
Papa Johns opens 300th restaurant in China
The pizza chain plans to open 1,750 restaurants in China by 2040.
Why China’s fierce cafe market is stirring up product innovation
Coffee and tea outlets will inch up at a CAGR of 1.4% from 2023 to 2027.
Luckin Coffee founders’ new coffee brand grows to 5,000 outlets
The brand said they are currently the fifth-largest coffee brand in the world.
Tims China eyes 1,700 Popeyes restaurants in 10 years
It opened its flagship store in Shanghai.
Chinese tea chain Heytea makes European debut
The chain was founded in 2012.
Most Read
1. Pappa Flock expands footprint with two new Sydney openings 2. Taco Bell launches Encore Hours to capture late-night demand for concert crowds 3. The Coffee Club unveils new Cracking Lattes and Milkshakes 4. Chatime bets on coffee to attract older Millennials 5. Weekly Global Wrap: Whataburger hires ex-McDonald's exec; Chipotle denies bankruptcy rumours; Tim Hortons appoints new COOResource Center
Event News
The event is on 3 April.
