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LXJ International Holdings Limited(H0294) - Application Proof (1st submission)
2026-01-07 16:00
The Stock Exchange of Hong Kong Limited and the Securities and Futures Commission take no responsibility for the contents of this Application Proof, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this Application Proof. Application Proof of LXJ International Holdings Limited (Incorporated in the Cayman Islands with limited liability) WARNING The publicat ...
Launch of the 2025 International Supply Chain Conference of Chinese Cuisine: Supply Chain Becomes the Key to Breakthrough, Marking the "First Year of Industrialization" for Chinese Cuisine’s Global Expansion
Globenewswire· 2025-06-23 17:05
Core Insights - The "2025 International Supply Chain Conference of Chinese Cuisine" marks the beginning of a significant global expansion for Chinese cuisine, focusing on leveraging localization, standardization, and digitalization strategies to enhance international market penetration [1][28] - The global foodservice market is projected to reach USD 3.8 trillion by 2026, with Chinese cuisine's market share expected to grow to 10.8%, indicating a rapid internationalization trend [3] - The transformation of Chinese cuisine is shifting from merely selling dishes to exporting entire supply chains, redefining its competitiveness on the global stage [4][21] Market Growth - The international Chinese cuisine market grew from RMB 227.55 billion in 2020 to RMB 359.39 billion in 2024, reflecting a steady upward trajectory [5] - Chinese cuisine's internationalization is outpacing the overall growth of the global foodservice sector, with supply chain systems emerging as a new driver of this momentum [3] Strategic Initiatives - Leading brands like Haidilao and Nong Geng Ji are utilizing supply chain advantages to expand globally, with Haidilao opening over 100 outlets across 14 countries and regions [9][10] - The Chinese government is supporting the internationalization of Chinese cuisine through favorable policies, encouraging overseas expansion and the establishment of international partnerships [11] Consumer Demand - The expanding overseas Chinese population provides a stable consumer base for Chinese restaurant chains, particularly in regions like Southeast Asia and the United States [12] - Chinese cuisine holds the largest share of Asian cuisine in the U.S. foodservice market at 37.21%, with 33% of Americans consuming Chinese food at least once a month [13] Supply Chain Evolution - The overseas Chinese food market is transitioning from fragmented competition to systematic group-driven expansion supported by robust supply chain systems [16] - Successful brands are focusing on local adaptation and building integrated supply chains to ensure quality and consistency across markets [19][20] Key Trends in 2025 - Localization is essential for cultural and market integration, involving product adjustments and organizational adaptation [21] - Standardization ensures quality, consistency, and scalability through centralized kitchens and unified production protocols [22][24] - Digitalization enhances operational efficiency and real-time supply chain management, allowing for better responsiveness to market dynamics [22][25] Challenges and Opportunities - Despite the momentum, the industry faces challenges such as differing food safety regulations, labor policy constraints, and local taste preferences [27] - The conference serves as a platform for industry leaders to share insights and strategies for overcoming these challenges and accelerating globalization efforts [28]