J-Kungfu Plans Listing In Two Years
One of the largest Chinese fast food chains J-Kungfu has recently announced the opening of its 300th direct-managed restaurant in Guangzhou and the company said it would enter the capital market in two to three…
restaurant
China's South Beauty Raises CNY300 Million Finance
Chinese restaurant chain South Beauty, also known as Qiaojiangnan, has announced that the group plans to sell parts of its stake to CDH Investments and China International Capital Corporation to raise financing of CNY300 million.
Hong Kong Enterprises Pledge No Staff Reductions
An industry alliance consisting of wholesalers, retailers, restaurateurs and other service providers in Hong Kong has signed an agreement on not reducing staff during the global financial crisis.
Yum To Open 500 New Restaurants In China In 2009
According to a report from Reuters, the restaurant giant Yum is still optimistic about the prospects for China's catering industry and the group plans to open 500 new restaurants in China in 2009 with profit…
Quanjude To Open First Restaurant In Taiwan
According to a spokesperson for the Quanjude Group, the group has agreed to cooperate with Her Bian Food and Beverage Group in Kaohsiung, Taiwan to open the first Quanjude restaurant in Taiwan.
Burger King Looks To Gain Market Share In Taiwan
BK Asiapac, a wholly owned subsidiary of U.S. based Burger King Corporation, and DaChan Great Wall Group have agreed that BKAP will take an equity position in Home Chain Foods — a DCG subsidiary.
Ikea Opens In Nanjing
Ikea's Nanjing store, located at the east of Kazimen Square, was formally opened on August 28.
China's Retail Sales Of Dining And Lodging Increased By 26.5% In July
According to statistics released by the Chinese Ministry of Commerce, China's dining and lodging markets had a good beginning in the second half of 2008 and the retail sales in these industries reached CNY116.8 billion…
Baskin-Robbins To Expand Stores In China
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.
Todai International Opens Restaurant In Beijing
Todai International Seafood and Sushi Buffet has opened a flagship restaurant at Solana, Chaoyang District, Beijing.