Food & Beverage News - The Latest News, Headlines, Insight, Commentary & Analysis at Hongkong Business

Food & Beverage

China Youran Dairy estimates $3.2b net proceeds in global offering

It set its offer price at $6.98 per share.
5 days ago

China Youran Dairy estimates $3.2b net proceeds in global offering

It set its offer price at $6.98 per share.
5 days ago

Pandemic continues to dampen restaurant activity, as receipts drop 8.8%

Total receipts for the first quarter have been estimated at $19.7b.
1 month ago

Hong Kong relaxes COVID-19 measures as vaccine bubble starts

The government said the new social distancing measures would take effect from today, 29 April.
1 month ago

More than 40% of restaurants saw higher revenue in Q1

This represents a jump in growth from the 33% of restaurants that improved results in the the previous quarter.
2 months ago

Restaurant receipts down 25.9% to $21.2b in Q2

The declines narrowed from Q1 as social distancing measures eased.
10 months ago

Deliveroo rolls out breakfast service

People may now order food beginning 7:45AM on weekdays.
10 months ago

Deliveroo rolls out catering services

This new feature facilitates cross-district delivery from over 50 catering partners.
11 months ago

Deliveroo pilots in-app feature allowing users to donate

The feature will allow customers to roundup their bills and make financial donations.
1 year ago

Deliveroo signs up over 1,500 new restaurants

The app also recently launched “PickUp” feature for users. Deliveroo has seen over 1,500 new restaurants join the platform since January, according to a press release. A 200% jump in restaurant sign ups was also seen in the past eight weeks, compared to the eight week period prior to this. In addition, Deliveroo also recently launched the “PickUp” feature enabling customers to order food ahead and pick up meals from restaurants saving customers’ time and money, and responds to the calls for more social distancing. The service also benefits restaurants by opening additional revenue streams, enabling restaurants to reach a new wave of customers. The PickUp feature allows people to order for collection from restaurants that may not provide delivery services, or order products that may not be suitable for delivery.  
1 year ago

Total restaurant receipts down 5.9% to $112.5b in 2019

Q4 marked the largest fall since the outbreak of SARS in Q2 2003.
1 year ago

37% of restaurants saw revenue growth in Q4 2019

However, only two in 10 businesses have reported profit growth.
1 year ago

Restaurant receipts down 11.7% to $26.4b in Q3

This is the worst year-on-year decline recorded since the SARS outbreak in 2003.
1 year ago

Delivering the Virtual Restaurant of Tomorrow

No waiters, no diners: the food delivery boom is opening new doors for restaurants.
1 year ago

Restaurant receipts down 0.4% to $28.7m in Q2

Receipts of bars, Chinese restaurants and non-Chinese restaurants fell during the quarter.
1 year ago

Restaurant receipts rose 3% to $31.5b in Q1

Non-Chinese restaurants saw $9.58m in receipts.
2 years ago

Food spending to hit $291.6b by 2023

Its annual growth rate would moderate from 6% to 5.5% by 2023.
2 years ago

Deliveroo Hong Kong launches ‘Plus' subscription plan

Subscribers can have unlimited free delivery for HK$98 a month.
2 years ago