China’s franchising boom cooks up new giants, leaves mid-tier Western chains behind
"Geopolitics and the aftermath of Covid provided conditions for Chinese consumers to start favoring domestic brands, to the detriment of Western brands that were not sufficiently or strongly established in…
Chicken challenger Ting-Qiao preps for Hong Kong IPO
The KFC rival and operator of the popular Dicos chain reportedly plans to serve up shares for investors four years after rumors of such a listing first emerged Key Takeaways:…
A McDonald’s Valuation Downsize, and New Medical Plan Additions
The value of McDonald's China operation has plunged by more than half in the last year. And 91 companies got their drugs added to China's national health plan By Doug…
Xiabuxiabu shutters stores, cuts prices in bid to stop flow of red ink
The restaurant operator warned it swung into the red in the first half of 2024, as consumption in China weakens and intense competition leads to relentless price cutting Key Takeaways:…
McDonald’s China owners seek fresh funds to support Golden Arches expansion
Carlyle and Citic may be looking to partly cash out of their landmark investment in 2017 when they became the fast food giant’s largest franchisee outside the U.S. Key Takeaways:…
Restrictions Take Fourth-Quarter Bite Out of Rebounding Year for Yum China
Operator of KFC and Pizza Hut restaurants in China posted small revenue growth in fourth quarter as it continued to briskly open new stores despite Covid disruptions Key Takeaways: Yum…
