China's First Crowdfunded Cafe Completes First Round Financing
China's first crowdfunded cafe 3W has reportedly completed its first round financing, which was led by JD.com and participated by Dongfang Hongdao and Tsinghua Holdings.
coffee
Tingyi Will Make Ready-To-Drink Products For Starbucks In Mainland China
Starbucks and Chinese food and beverage maker Tingyi Holding Corp. announced that the two parties have signed a cooperation agreement under which Tingyi will manufacture and expand distribution of Starbucks ready-to-drink products in mainland China.
Haagen-Dazs Plans To Sell Coffee In China
American ice cream brand Haagen-Dazs wants to get a sip of the burgeoning Chinese coffee market.
Starbucks Opens First Flagship Store In Central China
Starbucks China recently announced that the company's first flagship store in Southwest and Central China regions has been officially opened in Chengdu, Sichuan.
Starbucks Will Open Seven Starbucks Reserve Stores In China
Starbucks recently announced a new strategy for the Chinese market in which it will bring a new lineup of Starbucks Reserve coffees and an interactive coffee bar to seven stores in Beijing, Shanghai, Guangzhou and…
Nestle Opens Two New Food Manufacturing Plants In China
Switzerland-headquartered food and beverage company Nestle announced that the company has opened two new food manufacturing plants in China's Shandong and Anhui, respectively, representing its confidence in the Chinese market.
McDonald's Will Super-Size Its China Operations With 75,000 New Employees
McDonald's is expected to have 2,000 restaurants in China by the end of 2013 and it plans to hire over 75,000 new employees in the country.
Starbucks Announces China President Change
John Culver, former president for Starbucks China and Asia Pacific, has been promoted; and Jeff Hansberry, former head for channels in China and Asia Pacific, was appointed new president for Starbucks China and Asia Pacific.
Nestle To Invest CNY100 Million To Build Coffee Center In China
Nestle announced plans to invest at least CNY100 million to build a coffee center in China, aiming to improve coffee consumption in the Chinese market.
Starbucks Net Income Up 28% In China And Asia Pacific In Q1 2013
According to the latest statistics provided by Starbucks, during its first financial quarter ended December 30, 2012, the company's net income from the Chinese and Asia Pacific market reached USD214.1 million, a year-on-year increase of…