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Chinese market drives sales growth of US fast food company in 2018
Chinese market has contributed greatly to the annual sales growth of Yum! Brands in 2018, according to the latest earnings report of the US fast-food company on February 7.
February20,2019
Jakarta-Bandung High-speed Railway marks 100 days of operation with 1.45 mln passengers transported
The Jakarta-Bandung High-speed Railway (HSR) marked its 100th day of operation on Wednesday with a total of 1.45 million passengers transported, an official from China Railway International Limited said.
January25,2024
Tim Hortons China receives 194.5 mln USD investment
Tim Hortons China, the Chinese venture of the Canadian fast-food restaurant chain Tim Hortons announced on Thursday that it has recently received 194.5 million U.S. dollars investment, reported China Securities Journal.
March11,2022
Economic Watch: Multinational retailers dig deeper into Chinese market with rosy prospects
The retail landscape in China remains vibrant and continues to draw global retail giants. In recent interviews with Xinhua, several leaders of multinational retailers expressed optimistic outlooks for the Chinese market as their companies actively strengthen their presence in the country.
January18,2024
KFC launches ethnic culture-themed restaurant in south China
International fast-food chain KFC has rolled out a series of coffees topped with animal patterns, derived from bronze drums of the Zhuang ethnic group, in its minority culture-themed restaurant in south China's Guangxi Zhuang Autonomous Region.
November29,2019
Haitian flavoring products remind you of home meals for Chinese Lunar New Year
When the COVID-19 pandemic persisted at the start of 2022, 85.4 percent of the 2025 office workers chose to stay in the cities where they work and cooked home meals to celebrate the Chinese Lunar New Year holiday, according to a recent survey conducted by the China Youth Daily.
February09,2022
Chinese market vital for U.S. companies seeking global competitiveness, U.S. business leaders say
U.S. business officials and senior executives remain upbeat about the Chinese market, emphasizing its crucial role for U.S. companies striving for global competitiveness.
March04,2024
Foreign investors remain confident on China's market prospect
"China attracts about 15 percent of total global investment, still ranking first among all developing countries and in the forefront worldwide," said Zhang Fei, a researcher with the Chinese Academy of International Trade and Economic Cooperation under the Ministry of Commerce.
January24,2024
KFC launches first AI-enabled outlet in Beijing
Kentucky Fried Chicken launched its first artificial intelligence-enabled store in Beijing on Friday, and the fast-food chain said it plans to further expand its layout of smart restaurants, creating more innovative dining experiences for customers.
December26,2016
Yum fails to spice up same-store sales
Yum China Holdings Inc, the spinoff of the US fast-food chain which runs household names including KFC and Pizza Hut, registered flat same-store sales in 2016, three months after its New York listing.
February09,2017
Yum local unit plans to add 600 new stores a year
Yum China Holdings Inc, which had more than 7,500 outlets in China as at the end of last year, said it has plans to add about 600 stores in the country annually.
February13,2017
Residents relish chances to go shopping as lockdown restrictions ease
Jing'an sits at the heart of Shanghai. It represents the essence of the history and culture of the city, home to century-old buildings, big-name attractions, glitzy retail malls and charming art galleries..
May30,2022
"Two potential buyers" for McDonald's China
McDonald's Corp is reported to have narrowed the potential buyers of its China franchise to State-owned CITIC Group Corp and US-based private equity firm Carlyle Group LP.
December28,2016
McDonald's sells 80% stake
Fast-food chain McDonald's Corp announced on Monday the sale of 80 percent of its Chinese mainland and Hong Kong operations to a consortium including CITIC Ltd and Carlyle Group LP.
January10,2017
Economic Watch: "Contactless" economy booms amid epidemic
With only around 15 books sold per day and half of them purchased by employees, OWSpace recently released a letter on social media platform WeChat seeking crowdfunding to support its operation.
March02,2020
Economic Watch: Chinese cuisine taking in exotic tastes
A platter of Beijing fried sauce noodles, served with fried chicken nuggets and French fries in Beijing's downtown area, raise eyebrows.
November03,2021
Daojia acquisition to enhance Yum's delivery capacity
Yum China Holdings Inc said it will acquire a controlling stake in food delivery company Daojia, to expand delivery services for its KFC and Pizza Hut chains in the country.
May17,2017
McDonald’s China bets on digitized stores
Mcdonald's China said that it will upgrade the digitization in 40 percent of its existing stores such as self-service ordering machines for customized burger menu, digital menu board and dual point system.
December12,2016
Economic Watch: Stay-at-home economy spawns new growth drivers for consumption
New consumption and retail models emerged from China's "contactless" economy amid its battle against the novel coronavirus outbreak are fueling consumption momentum as new growth drivers.
March19,2020
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