Dicos set to expand presence
By Wang Zhuoqiomg (chinadaily.com.cn) Updated: 2014-05-13 17:21Dicos, a fast-food restaurant chain under the Ting Hsin International Group, is expected to expand its outlets to 25,000 by 2040.
The ambitious goal was announced after Dicos allowed its employees to own franchise operations.
Shao Xinmou, director of Dicos, said on May 13 that the restaurant chain saw its new outlets grow 40 percent in the first quarter and it plans to open more than 500 stores on the Chinese mainland.
Its first quarter revenue increased 25 percent year-on-year. Total Dicos chain stores numbered 2,000 last year, with about 90 percent of them franchised. It is the first time that Dicos has surpassed McDonald's as the second-largest Western fast-food chain, beaten only by Yum's KFC.
Taiwan's Dicos plans big push into 1st-tier cities
- Standard Chartered offshore RMB index rises slightly in July
- Shanghai-HK stock link to speed up capital market reforms: Barclays
- Relaxing restrictions on foreign investments
- Fujian on course to help create the new maritime Silk Road
- Foreign investors set sights on new targets
- UK looks to diversify in China
- Malaysia keen to expand trade ties
- HK still top choice for mainland firms
