For Tim Ho Wan’s chief executive officer Young Sheng Lee, the brand’s aggressive expansion in its home turf helped create a proven growth model that can be replicatedFor Tim Ho Wan’s chief executive officer Young Sheng Lee, the brand’s aggressive expansion in its home turf helped create a proven growth model that can be replicated

Michelin-starred dimsum chain Tim Ho Wan doubles HK footprint with 10th store

2026/02/04 15:27
3 min read

HONG KONG – Tim Ho Wan opened its 10th store here on Wednesday, February 4, doubling its footprint in its home turf just over a year after it was fully acquired by the Jollibee Group.

The Hong Kong dimsum chain’s branch in Mikiki Mall in Kowloon opens amid the brand’s global expansion plans. It is also Tim Ho Wan’s 85th store across 11 countries, including the Philippines, China, Japan, Australia, and the United States.

For Tim Ho Wan’s chief executive officer Young Sheng Lee, the brand’s aggressive expansion in its home turf helped create a proven growth model that can be replicated in more markets.

“This new chapter is built on stronger foundations, renewed momentum and a deeper commitment to sharing Hong Kong’s most beloved dimsum experience with guests across the world,” he said.

According to the Jollibee Group, Tim Ho Wan turned to profitability in the third quarter of 2025 as system-wide sales grew 5.2% compared to the first half of the year. Its franchise markets also saw increased sales thanks to double-digit growth in the Philippines and Taiwan.

Lee attributed this to several initiatives such as product upgrades, close engagement with franchisees, retraining staff, and refining operations. This resulted in a more consistent menu across markets that best represented Hong Kong cuisine and attracted repeat customers.

“​​The other thing that we are actually looking at in terms of guest experience is the Google ratings that we are actually seeing across markets. One of the things that we are actually very proud of at this point is that our customers have been telling us that they are experiencing an elevated and improved Tim Ho Wan,” he said.

Richard Shin, CFO and risk officer of the Jollibee Group, said that Tim Ho Wan’s expansion proves that the parent firm’s business model of building brands through stronger operations and strategic investment is effective.

Shin said the Jollibee Group hopes that Tim Ho Wan can seize the opportunity of becoming the global frontrunner in the dimsum category, as there is currently no clear global frontrunner in this segment.

“It is the brand that allows the Jollibee Group to define what global dimsum excellence looks like and no better place than Hong Kong as its birthplace. It strengthens our Chinese cuisine platform and plays a central role in advancing our global ambition,” he said.

The Jollibee Group aims to become one of the top five restaurant companies globally, while Tim Ho Wan plans to open 20 outlets in North America by 2028. – Rappler.com

Must Read

[Vantage Point] Why Jollibee should stop thinking like a restaurant and start thinking like McDonald’s

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

Solana Hits $4B in Corporate Treasuries as Companies Boost Reserves

Solana Hits $4B in Corporate Treasuries as Companies Boost Reserves

TLDR Solana-based corporate treasuries have surpassed $4 billion in value. These reserves account for nearly 3% of Solana’s total circulating supply. Forward Industries is the largest holder with over 6.8 million SOL tokens. Helius Medical Technologies launched a $500 million Solana treasury reserve. Pantera Capital has a $1.1 billion position in Solana, emphasizing its potential. [...] The post Solana Hits $4B in Corporate Treasuries as Companies Boost Reserves appeared first on CoinCentral.
Share
Coincentral2025/09/18 04:08
SHIB Price Prediction: Mixed Signals Point to $0.0000085 Target by February End

SHIB Price Prediction: Mixed Signals Point to $0.0000085 Target by February End

Technical analysis reveals SHIB trading near oversold levels with RSI at 35.06. Despite bearish MACD momentum, support levels suggest potential recovery toward $
Share
BlockChain News2026/02/04 16:04
CEO Sandeep Nailwal Shared Highlights About RWA on Polygon

CEO Sandeep Nailwal Shared Highlights About RWA on Polygon

The post CEO Sandeep Nailwal Shared Highlights About RWA on Polygon appeared on BitcoinEthereumNews.com. Polygon CEO Sandeep Nailwal highlighted Polygon’s lead in global bonds, Spiko US T-Bill, and Spiko Euro T-Bill. Polygon published an X post to share that its roadmap to GigaGas was still scaling. Sentiments around POL price were last seen to be bearish. Polygon CEO Sandeep Nailwal shared key pointers from the Dune and RWA.xyz report. These pertain to highlights about RWA on Polygon. Simultaneously, Polygon underlined its roadmap towards GigaGas. Sentiments around POL price were last seen fumbling under bearish emotions. Polygon CEO Sandeep Nailwal on Polygon RWA CEO Sandeep Nailwal highlighted three key points from the Dune and RWA.xyz report. The Chief Executive of Polygon maintained that Polygon PoS was hosting RWA TVL worth $1.13 billion across 269 assets plus 2,900 holders. Nailwal confirmed from the report that RWA was happening on Polygon. The Dune and https://t.co/W6WSFlHoQF report on RWA is out and it shows that RWA is happening on Polygon. Here are a few highlights: – Leading in Global Bonds: Polygon holds 62% share of tokenized global bonds (driven by Spiko’s euro MMF and Cashlink euro issues) – Spiko U.S.… — Sandeep | CEO, Polygon Foundation (※,※) (@sandeepnailwal) September 17, 2025 The X post published by Polygon CEO Sandeep Nailwal underlined that the ecosystem was leading in global bonds by holding a 62% share of tokenized global bonds. He further highlighted that Polygon was leading with Spiko US T-Bill at approximately 29% share of TVL along with Ethereum, adding that the ecosystem had more than 50% share in the number of holders. Finally, Sandeep highlighted from the report that there was a strong adoption for Spiko Euro T-Bill with 38% share of TVL. He added that 68% of returns were on Polygon across all the chains. Polygon Roadmap to GigaGas In a different update from Polygon, the community…
Share
BitcoinEthereumNews2025/09/18 01:10