Can a stale Ajisen float back to the top of China’s noodle pot?
The once-dominant ramen house’s business has slumped on a mix of intensifying competition and lower consumer spending Key Takeaways: Ajisen said it lost up to 40 million yuan in 2024,…
Xiabuxiabu gets chilled by China’s weak economy
The personal hotpot restaurant chain warned its revenue fell and its losses grew last year as increasingly cautious Chinese consumers cut back their spending Key Takeaways: Xiabuxiabu said it expects…
BRIEF: Jiumaojiu profit plunges on intensifying competition
Restaurant operator Jiumaojiu International Holdings Ltd. (9922.HK) said on Monday it expects to report its profit tumbled 89% in 2024 to 50 million yuan ($688.7 million) or more, from 454…
BRIEF: ‘Sauerkraut Fish’ parent Jiumaojiu reports sharp same-store sales declines
Chinese restaurant operator Jiumaojiu (9922.HK) announced on Friday that average daily same-store sales for its self-operated Tai Er, Song Hotpot and Jiu Mao Jiu chains fell 24.6%, 26.9% and 18.5%…
Xiaocaiyuan sets the table for Hong Kong IPO. But is the timing right?
China’s largest “cheap eats” restaurant chain was cleared by the Hong Kong Stock Exchange to make its IPO after its third filing this year Key Takeaways: Xiaocaiyuan has passed the…
Café de Coral slumps as dark clouds hover over restaurant industry
Hong Kong’s leading fast-food operator and rival Fairwood have both issued profit warnings this month as growing consumer caution takes a bite from their business Key Takeaways: Café de Coral…
BRIEF: Invesco sells down Jiumaojiu stake as foreign exodus advances
Invesco sold down its holdings in Jiumaojiu International Holdings Ltd. (9922.HK), becoming the latest global fund manager to pare its stake in the operator of several popular restaurant chains. The…
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