TIM HO WAN, the Jollibee Group’s flagship Chinese cuisine brand, has opened its 10th restaurant in Kowloon, Hong Kong, doubling its city footprint from last yearTIM HO WAN, the Jollibee Group’s flagship Chinese cuisine brand, has opened its 10th restaurant in Kowloon, Hong Kong, doubling its city footprint from last year

Tim Ho Wan doubles Hong Kong presence with 10th outlet

3 min read

TIM HO WAN, the Jollibee Group’s flagship Chinese cuisine brand, has opened its 10th restaurant in Kowloon, Hong Kong, doubling its city footprint from last year.

“Tim Ho Wan reflects our group’s purpose of delivering superior taste and joyful dining experiences to more people. It shows how culinary heritage can be scaled successfully when supported by disciplined systems,” Jollibee Foods Corp. (JFC) International Chief Executive Officer and Jollibee Group Global Chief Financial and Risk Officer Richard Shin said in a statement on Wednesday.

JFC said Tim Ho Wan’s accelerated expansion in Hong Kong has strengthened financial performance across all markets.

System-wide sales rose 5.2% in the third quarter of 2025 compared with the first half of the year, led by growth initiatives in Hong Kong, Singapore, and China.

Franchise markets recorded 6.5% growth in the same period, supported by double-digit gains in the Philippines and Taiwan.

“With a profitable Hong Kong network as the foundation, we are optimistic that Tim Ho Wan is well-positioned to expand to more markets worldwide, as it works toward becoming the first truly global dim sum brand,” Mr. Shin added.

Hong Kong serves as Tim Ho Wan’s primary test market, where operational methods are developed before being implemented across company-run and franchise stores. Since joining the Jollibee Group, operations have adopted stricter procedures, more frequent audits, and increased spending on chef training and quality oversight.

“Hong Kong is where Tim Ho Wan began, and where our standards are set and proven,” Tim Ho Wan Chief Executive Officer Sheng Lee said.

“Across all stores, we focus on Cantonese craftsmanship, taste, and quality, supported by a stronger operational discipline that ensures authentic flavors are delivered consistently. Those fundamentals give us the confidence to grow while staying true to what defines Tim Ho Wan.”

Tim Ho Wan has also opened its first company-operated store in North America at Irvine, California, following a new outlet at LaLaport Tokyo Bay in Japan, and has achieved strong results in Singapore, where its teams earned a Service Excellence Award from the Restaurant Association of Singapore.

Jollibee Group completed its takeover of Tim Ho Wan in January 2025 through its subsidiary Jollibee Worldwide Pte. Ltd., acquiring 166.46 million shares from Titan Dining Group Ltd. for $20.2 million under a share purchase agreement signed in November 2024.

At the local bourse on Wednesday, JFC shares rose by 1.49% to P205 apiece. — Alexandria Grace C. Magno

Market Opportunity
CyberKongz Logo
CyberKongz Price(KONG)
$0.0018
$0.0018$0.0018
-5.26%
USD
CyberKongz (KONG) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
Tags:

You May Also Like

CME Group to Launch Solana and XRP Futures Options

CME Group to Launch Solana and XRP Futures Options

The post CME Group to Launch Solana and XRP Futures Options appeared on BitcoinEthereumNews.com. An announcement was made by CME Group, the largest derivatives exchanger worldwide, revealed that it would introduce options for Solana and XRP futures. It is the latest addition to CME crypto derivatives as institutions and retail investors increase their demand for Solana and XRP. CME Expands Crypto Offerings With Solana and XRP Options Launch According to a press release, the launch is scheduled for October 13, 2025, pending regulatory approval. The new products will allow traders to access options on Solana, Micro Solana, XRP, and Micro XRP futures. Expiries will be offered on business days on a monthly, and quarterly basis to provide more flexibility to market players. CME Group said the contracts are designed to meet demand from institutions, hedge funds, and active retail traders. According to Giovanni Vicioso, the launch reflects high liquidity in Solana and XRP futures. Vicioso is the Global Head of Cryptocurrency Products for the CME Group. He noted that the new contracts will provide additional tools for risk management and exposure strategies. Recently, CME XRP futures registered record open interest amid ETF approval optimism, reinforcing confidence in contract demand. Cumberland, one of the leading liquidity providers, welcomed the development and said it highlights the shift beyond Bitcoin and Ethereum. FalconX, another trading firm, added that rising digital asset treasuries are increasing the need for hedging tools on alternative tokens like Solana and XRP. High Record Trading Volumes Demand Solana and XRP Futures Solana futures and XRP continue to gain popularity since their launch earlier this year. According to CME official records, many have bought and sold more than 540,000 Solana futures contracts since March. A value that amounts to over $22 billion dollars. Solana contracts hit a record 9,000 contracts in August, worth $437 million. Open interest also set a record at 12,500 contracts.…
Share
BitcoinEthereumNews2025/09/18 01:39
Trump swears he'll donate winnings in $10 billion lawsuit against his own IRS

Trump swears he'll donate winnings in $10 billion lawsuit against his own IRS

President Donald Trump told NBC News' Tom Llamas in an interview released on Wednesday that he has no interest in actually keeping any money he wins from his lawsuit
Share
Rawstory2026/02/05 10:43
US President Donald Trump says Warsh would’ve lost Fed if he pledged rate hike

US President Donald Trump says Warsh would’ve lost Fed if he pledged rate hike

The post US President Donald Trump says Warsh would’ve lost Fed if he pledged rate hike appeared on BitcoinEthereumNews.com. US President Donald Trump said that
Share
BitcoinEthereumNews2026/02/05 10:23