Hungry: from August 1, takeout merchants in Liucheng, Henan Province will be free of Commission for one month

Chinese Restaurant Brands Going Global: What Keeps Customers Coming Back After the Opening?

How long can the queues outside a brand’s first overseas store last? And how many customers drawn in by the novelty will become regulars? For Chinese restaurant brands expanding internationally, opening a store is only the beginning of the challenge of building a local business and retaining customers.

Anjoy Agrees to Acquire 60% of Singapore’s IFC for US$30.5 Million

Anjoy Foods Group (安井食品) has agreed to acquire 60.0005% of Singapore-based International Foodgnostics Corporation Pte. Ltd. (IFC) for US$30.47 million in cash. The proposed acquisition would add frozen bakery capabilities and operations in China, Singapore and Malaysia.

Robam and Controlling Shareholder Plan Up to CNY 1.3 Billion to Fund iTronics Acquisition

Hangzhou Robam Appliances (老板电器) and its controlling shareholder plan to contribute up to CNY 1.3 billion to fund the proposed acquisition of 60% of iTronics Holding Limited, expanding the kitchen-appliance maker’s access to North American and European sales channels. Robam’s board approved the funding proposal on October 9; shareholder approval and completion remain pending.

Transsion Prices H Shares at HK$35.30 Ahead of Planned October 15 Listing

Shenzhen Transsion Holdings Co., Ltd. (传音控股) set its H-share offer price at HK$35.30 on October 13, ahead of an expected Hong Kong Stock Exchange debut on October 15. The smartphone maker, whose business focuses on emerging markets, would add a Hong Kong listing to its Shanghai STAR Market presence, broadening its access to international equity capital.

Meituan and Ele.me Lose Lawsuits Due to Unfair Competition, Catering Businesses Benefit

On April 14, the Huaian People's Court of Jiangsu Province made a judgment that Beijing Sankuai Technology Co., Ltd. (Meituan) should compensate CNY 352,000 to Shanghai Lazasi Information Technology Co., Ltd. (Ele.me). Meanwhile, Ele.me was also ordered to pay fines to Meituan for the same reason.