McDonald's Targets Chinese Millennials To Fill 70,000 New Positions
The fast food giant McDonald's announced the launch of its nationwide recruitment week in China as it aims to hire about 70,000 employees throughout 2016.
Food & Beverage
Japanese Food Giant Returns To Chinese Market With New Partner
Japanese food giant Calbee thinks the Chinese retail market is too big to ignore, so it's adjusting its investment strategy to return to the Middle Kingdom with a new joint venture.
McDonald's To Introduce Strategic Investors In China
International fast food chain McDonald's will introduce strategic investors in the Chinese market.
KFC Opens First Restaurant In Tibet
The world's leading fast food restaurant chain KFC officially opened a store in Lhasa, making it the first well-known international food and beverage brand to enter Tibet.
Chinese Exchange Rates Push Down Master Kong's Noodle Profit
Chinese instant noodle and beverage maker Master Kong announced that for the year of 2015 ended December 31, the company's unaudited profit attributable to shareholders is expected to decline by between 35% and 40%.
Starbucks To Open 500 Stores Annually In China
Starbucks plans to enhance its investment in the Chinese market and open 500 new stores every year in the country over the next five years.
Yili To Sell 40% Stake In Youran For CNY1.4 Billion
Chinese dairy group Yili will transfer its 40% stake in Inner Mongolia Youran Farming for CNY1.4 billion and Youran will become a foreign-owned enterprise after the transaction.
China's Social Consumer Retail Sales Up 11% In October 2015
The National Bureau of Statistics of China revealed that in October 2015, China's total social consumer retail sales reached CNY2.828 trillion, a year-on-year increase of 11%.
Beibei.com To Invest CNY500 Million To Support 1,000 Brands
Maternal and child supplies e-commerce site Beibei.com announced that they will invest CNY500 million in the next 12 months to support 1,000 quality brands which have monthly sales of over CNY1 million.
Yum Separates China Businesses
The world's leading food and beverage group Yum! Brands, Inc. announced that the company will separate its China businesses.