Chinese dairy company Yili announced its performance results for 2011, stating that the company realized total operating revenue of CNY37.451 billion during the reporting period, a year-on-year increase of 26.25%.
Ice cream chain Baskin-Robbins recently opened two new stores in Shanghai.
The international fast food giant McDonald's has announced that following a one year trial in Shanghai, it will launch its 24-hour delivery service in Beijing, Guangzhou, and Shenzhen.
Despite the global economic slowdown, U.S.-based Baskin-Robbins, one of the world's largest ice cream chains, has announced plans to open 20 new stores in Chinese cities such as Beijing, Shanghai, and Xi'an.
American ice cream company Baskin-Robbins is slowly cornering a small sweet piece of business in China with its first store openings in Shanghai.
The global ice cream brand DQ has entered the market in Shannxi Province with the recent opening of two stores in Xi'an.
Baskin-Robbins, one of the world's largest ice cream chains, has established a strategic partnership with Shaanxi Stellerich Food and Restaurant Co., Ltd. to jointly explore the mainland China market in the eastern and northwestern areas.
President Chain Store Corporation has announced that the company has formally received the franchise rights of 7-Eleven convenience stores in Shanghai and the first store in the city will be opened before the end of…