Yum China Holdings Inc is in talks to buy food delivery services firm Daojia.com.cn for up to $200 million, two people familiar with the matter told Reuters, as the biggest operator of fast food on the mainland seeks to boost sales from customers dining at home…Full Article: China Daily Nov 2016

Key Points

  • In September, 2014, JD.com (e-commerce) and Macquarie Capital (finance) co-invested US$50 million in Daojia.com.cn.
  • Founded in April 2010 and headquartered in Beijing, Daojia.com.cn is an e-commerce food delivery platform that currently works with more than 6,000 restaurants.

ChinaAg Comments

  • As of late 2016, Daojia.com.cn operated in the cities of Beijing (since 2010), Shanghai (since 2011), Hangzhou (2013), Suzhou (2014), Nanjing (2014), Changzhou (2014), Tianjin (2014), Wuxi (2014), Shenzhen (2015), and Guangzhou (2015).
  • In November 2016, Yum China Holdings began trading at the NYSE (YUMC). At the time, Yum China Holdings had approximately 5,000 Kentucky Fried Chickens (~1,100 cities), 1,600 Pizza Hut restaurants (~400 cities), and 350 Pizza Hut Delivery/E-commerce stores (~50 cities) in China.
  • Founded in 1969 and headquartered in Sydney Australia, Macquarie Group (ASX:MQG) is an investment bank with offices in Hong Kong, Shanghai, and Beijing.

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