NEWS WRAP: Luckin Coffee serves up a record-breaking 2023
The formerly scandal-tainted coffee chain added 8,000 new stores last year, making it China’s largest operator with 16,248 outlets By Teri Yu Luckin Coffee Inc. (LKNCY.US), the cheap coffee…
CHINA BULLETIN: Foreign Investor Flight
In this week’s issue foreign investor flight, a major mortgage rate cut and a former drug highflyer disbands. On a scale of 1 to 100, we give the week a…
TH International expansion plans slow on need for ‘more capital’
The operator of the Tim Hortons chain in China is falling behind its aggressive expansion plans amid disagreement with the brand’s owner about new investment Key Takeaways: TH International needs…
TH International reaches Popeyes goal, but falls short on Tim Hortons
The operator of the two Western fast food chains in China said it has 919 stores, trailing its previously announced goal for 1,000 stores by the end of 2023 Key…
FAST NEWS: TH International relaunches Popeyes chain in China
The Latest: Restaurant operator TH International Ltd. (THCH.US), which also uses the name Tims China, said on Monday it opened its first restaurant from the popular Popeyes fast food chain…
FAST NEWS: TH International continues expansion despite fourth-quarter Covid hit
The Latest: TH International Ltd. (THCH.US), operator of the Tim Hortons restaurant chain in China, reported its revenue rose 34.6% year-on-year in last year’s fourth quarter to 301.5 million yuan…
CHINA BULLETIN: New Year Kicks Off With Mixed Signals
In this week’s issue China stocks extend their slump, Chinese lose their taste for luxury, and Baidu enters the chatbot fray. On a scale of 1 to 10, we give the week a 4.5 for offshore-listed China stocks.