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YUM CHINA HOLDINGS
LPG Crisis: QSRs shut outlets, fine-dine chains halt plansLPG supply disruptions from the West Asia war are forcing major restaurant chains like McDonald's and Pizza Hut to temporarily close outlet...- Yum China lays out aggressive store expansion plans for KFC, Pizza HutThe group would add over 600 net new Pizza Hut stores annually over the next three years and expected to double operating profit in China f...
- Who's selling? Starbucks and other US companies trimming China exposureIn a significant shift, Starbucks has agreed to sell a substantial portion of its Chinese business to Boyu Capital for a staggering $4 bill...
- Yum China unveils AI tool in a bid to boost efficiencyThe launch follows its former parent Yum's AI-driven initiatives, including the Byte by Yum! software it launched in February, aimed at red...
- Price wars help spark $157 billion rout in China consumer stocksThe seemingly relentless decline in prices of Chinese goods amid tepid consumer demand is denting expectations that corporate earnings can ...
- Ant group’s early investor Primavera closes fourth fund at $4 billionThe fundraising by Primavera, which invests primarily in China but has diversified into Southeast Asia and North America over the years, co...
- US regulators to vet Alibaba, JD.com, other Chinese firms' auditsThe selection follows a landmark audit deal between Beijing and Washington on Friday allowing U.S. regulators to vet accounting firms in ma...
- Alibaba added to SEC's delisting watchlist, shares fallAlibaba's shares were down 11% at $89.37 at the closing bell, ending the month 21.4% lower. The e-commerce giant's shares were already feel...
- Starbucks misses sales estimates on China COVID curbsStarbucks has raised wages for employees. Even so, more than 50 U.S. cafes have elected to join the Workers United union, while five stores...
- Chinese regulators ask some US-listed firms to prepare for audit disclosuresAs part of that move, the China Securities Regulatory Commission (CSRC) and other regulatory agencies earlier this month summoned top inter...
- Yum says it may have to delist from New York by 2024"Under the current terms of the Act, the company's common stock will be delisted from the New York Stock Exchange in early 2024, unless the...
- Tech firms lead China share rout after SEC hints at delistingsCompanies on the SEC list led the slump on Friday. Yum China Holdings, Zai Lab, HUTCHMED (China) Ltd and Beigene Ltd fell between 10% and 1...
- China's factory, consumer sectors stumble on COVID-19 disruptionsSupply chain bottlenecks, semiconductor shortages, curbs on high-polluting industries and the crackdown on the property sector have disrupt...
- Fast-food companies in China step up 'contactless' pickup, delivery as coronavirus ragesMcDonald's has implemented contactless pickup and delivery of Big Macs, fries and other menu items across the China as the outbreak has unf...
- Xi faces hurdles bashing American brands in a Trump trade warThe China operations of all major American brands, ranging from Coca-Cola and McDonald’s to Walt Disney, are co-owned by state-backed Chine...
- Yum China's ready to export Mongolian hot pot to the worldThe company will add 600 restaurants a year in China and plans to export its Mongolian hot pot chain that's popular in the country around t...
- China's planned reforms to throw open economy to private companies like GM and AlibabaPlans to change China’s financial sector include a new registration system for IPOs and allowing qualified private investors to set up smal...
- Strike at China's Honda plants makes foreign firms waryForeign firms that have made huge investments in China to take advantage of its cheap labour resources watched warily as Japanese car major...
- Price hikes on fast-food chains' menuDomino's, KFC revise rates upwards; McDonald’s to hike prices by 10% in the new year, and Mainland China is following suit.
- Kilachands fail to offload Dodsal stakeDubai-based Kilachand family’s proposed deal to sell 30-40% stake in the Dodsal Group, one of the two large franchises of Pizza Hut and KFC...
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