Jollibee Foods Corp. said it has opened its first China-based Tim Ho Wan in Shanghai last week, marking the Michelin-starred restaurant’s entry into the second largest global economy.
“Opening in Shanghai, one of the busiest global hubs, is an excellent starting point for our expansion plans for Tim Ho Wan in Mainland China, and our near-term goal is to open 100 restaurants in the next five years,” he added.
Carl Tancaktiong, Jollibee Foods Corp. China chairman, said the group is planning to open the second store by the end of this year.
“Aside from Shanghai, we will also open in Beijing, Shenzhen, and Guangzhou,” he said.
Located in the Jing’an Kerry Center,, Tim Ho Wan is the latest addition to the portfolio of brands being directly operated by the Jollibee Group and is a joint venture with the Tim Ho Wan Group,” the company said.