Slowing takeout dining wars leave Luckin with bitter aftertaste
China’s largest coffee chain slipped into same-store sales contraction in the first quarter, as the country’s top takeout dining delivery companies eased a subsidy war that had boosted sales Key…
BRIEF: KFC China raises prices for first time in two years
KFC China, the fast-food chain operated by Yum China Holdings Inc. (9987.HK), announced on Tuesday that it would raise prices for the first time in two years by an average…
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…
KFC plucks up major milestone with 10,000th China store opening
The chain launched its latest store in the city of Hangzhou 36 years after becoming the first Western fast food operator in China Key Takeaways: KFC has opened its 10,000th…
Yum China ‘rediscovers’ its fast-food roots in budget-conscious times
The operator of KFC and Pizza Hut restaurants in China has been expanding its price range to tap underserved consumers Key Takeaways: Yum China reported record third-quarter revenue and adjusted…
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