Food & Beverage

810,000 more Hong Kongers get first $2,000 e-vouchers

In total, the government has disbursed the first vouchers to about 6.3 million individuals.

810,000 more Hong Kongers get first $2,000 e-vouchers

In total, the government has disbursed the first vouchers to about 6.3 million individuals.

CR Beer cheers as profit soars 106% to US$660.7m

This rose from RMB2.07b, approximately US$318.7m, in the first half of 2020.

Vitasoy sees up to 107% profit drop over reduced demand

It estimated its performance to range between $50m loss and $60m profit.

Business receipts up nearly 10% ending eight quarters of decline

This is thanks to the contained epidemic situation, as well as Hong Kong’s economic recovery.

4 in 5 will likely top up their $5,000 vouchers

The majority of whom will likely use their credit cards to top up.

Food operator Fairwood sees profit soar 152.4% to $153.6m

This was driven by increased productivity and cost management amongst others.

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

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

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.

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.

Restaurant receipts down 25.9% to $21.2b in Q2

The declines narrowed from Q1 as social distancing measures eased.

Deliveroo rolls out breakfast service

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

Deliveroo rolls out catering services

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

Deliveroo pilots in-app feature allowing users to donate

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

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.  

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

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