China
Why China’s fierce cafe market is stirring up product innovation
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.
Here’s what’s inside KFC’s 500th restaurant in Shanghai
The restaurant includes a feature like a dedicated reading area for kids.
McDonald’s China owners plans $4b exit: report
The owners bought the business six years ago.
Yum China opens 3,000th Pizza Hut in China
This marks a significant milestone for its 33-year growth in the market.
Subway inks 4,000 master franchise deal in China
This is the largest master franchise agreement in the brand’s history.
Luckin Coffee now bigger than Starbucks in China
The scandal-tainted startup is staging a comeback.
Yum China launches ‘green’ KFC stores in Beijing, Hangzhou
The company expects the Green Pioneer Stores are expected to further cut GHG emissions.
Yum China names Johnson Huang as first chief customer officer
Warton Wang, currently the company's chief development officer, will succeed Huang as general manager for KFC.
Domino’s China operator files for Hong Kong listing
DPC revealed plans to open 120 new stores this year.
Yum China expands share repurchase plan
The company earlier said it might delist from the New York Stock Exchange by 2024.
Dairy Queen to open 600 more stores in China by 2030
The chain already has over 1,100 restaurants in the market.
Yum China grows sales despite Delta outbreaks
Net income increased 26% to US$990 million.
Starbucks China sees 14% dip in Q1 sales
The coffee giant’s global CEO acknowledged the impact of soaring inflation, higher worker costs and the impact of the Omicron variant on the business.
Starbucks China ties up with Meituan to widen delivery, offer private cafe bookings
More than 60 stores in Beijing, Shanghai, Shenzhen and Chengdu now offer this ‘1971 Salon’ reservation service, with plans to expand.
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