日韩精品久久一区二区三区_亚洲色图p_亚洲综合在线最大成人_国产中出在线观看_日韩免费_亚洲综合在线一区

Global EditionASIA 中文雙語Fran?ais
Europe

Chicken that laid the golden egg

By Xu Junqian in Shanghai | China Daily Europe | Updated: 2017-09-29 09:06
Share
Share - WeChat

30 years after opening its first store in Beijing, KFC is still the reigning champion of the domestic market

KFC China has been busy in recent months. As part of plans to refine itself for a younger audience in China, the fast food chain has introduced its black burgers to the Chinese market, renovated many of its stores to showcase a contemporary industrial chic look, and opened an experimental outlet called KPRO.

Unlike KFC's typical offerings like fried chicken and Zinger burgers, KPRO offers a selection of "green" food, including quinoa salads, salmon sandwiches and fresh fruit juices. The restaurant is in the basement of a sleek shopping mall in Hangzhou, Zhejiang province, where China's e-commerce giant Alibaba has its headquarters. Alibaba recently became one of the Chinese investors in KFC China.

 

Joey Wat, president and chief operating officer of Yum China. Provided to China Daily

 

A KFC restaurant in Huaian, Jiangsu province. For many of those who grew up in 1990s China, having a meal at KFC was considered the highlight of the month. Zhou Changguo / For China Daily

"We have been here so long that sometimes Chinese consumers may outgrow us a little bit. We need to adjust and keep up," says Joey Wat, president and chief operating officer of Yum China, the parent company of KFC that recently split from its global business Yum Brands to become a separate publicly traded company.

"With a customer portfolio ranging from three to 80 years old, I think every player in the restaurant industry here is our competitor," adds Wat.

KFC made its foray into the Chinese mainland on Nov 12, 1987, by opening a three-story restaurant near Qianmen, the entrance to the capital city's Imperial Palace. Occupying a total space of 1,100 square meters, it was the largest KFC outlet in the world.

But the space was still not big enough to accommodate the thousands of curious Chinese who were eager to have their first bite of not just fast food, but Western food as well.

"For a very long time, KFC and McDonald's were synonymous with Western food and even what we call fine dining, from the price and brand perspective," says Guo Geping, director of the China Chain Store and Franchise Association.

On its first day of operations, the store sold 2,200 buckets of fried chicken and raked in a whopping 83,000 yuan ($22,300 then; 18,900 euros; 16,600). This figure kept growing and peaked at 150,000 yuan during the first year. Today, the average daily turnover of a KFC outlet in China is around 50,000 yuan. The craze endured for several months, with the line of customers outside the store stretching nearly 100 meters to Tian'anmen Square.

Back then, a KFC meal was considered a luxury to most Chinese. With the average monthly wage in China then being 100 yuan, most people only ate the restaurant's 6-yuan hamburgers and 2.5-yuan fried chicken meals on special occasions.

For many of those who grew up in 1990s China, having a meal at KFC was considered the highlight of the month. Many parents used the fast food chain as an incentive to get their kids to behave well and get good grades in school.

The instant and phenomenal success of KFC convinced its biggest rival, McDonald's, to embrace the market three years later. The latter first opened in Shenzhen, where KFC had yet to establish a presence. Chinese copycat restaurants soon mushroomed across the country, creating a vibrant fast food landscape that thrived for as long as a decade.

Ronghua Chicken, founded by Shanghai's State-owned food and restaurant group Xinya in 1991, is one of the first copycats. The group claimed its chickens were infused with Chinese herbs before being deep fried, and paired the meat with Chinese fried rice and appetizers like spicy and sour cabbage.

The company quickly gained nationwide popularity, primarily because it was slightly cheaper than KFC and because locals were eager to support a local brand. Ronghua Chicken's daily turnover peaked at 119,000 yuan during the first two years, but by 2000 it had disappeared from the market. Industry insiders say its demise was due to a lack of experience in managing a chain business.

By 2007, fast food accounted for more than half of the country's restaurant businesses. While KFC and McDonald's are still the biggest players in the Chinese market today, their market shares have been declining due to increasing market size and competition, as well as the growing awareness of healthy eating. Other factors include the bird flu epidemic and recurring allegations of food safety issues.

According to Euromonitor International, the market share of KFC in the Chinese restaurant chain industry in 2016 was 11.6 percent, down from 16 percent in 2012.

In a 2015 consumer report by McKinsey that polled more than 10,000 residents in 44 Chinese cities, only 51 percent of the respondents said they had consumed Western fast food over the past year, down from 67 percent in 2012. But these findings have hardly dampened KFC's and McDonald's resolve to increase their footprint, with both companies having embarked on an aggressive expansion across China.

McDonald's recently announced that it plans to double its new openings from 250 per year to 500 over the next five years. KFC, which already has twice as many outlets as its rival, says there are no plans to slow down the pace of its own expansion and will seek to penetrate the more-rural regions.

In fact, Yum China's separation from its parent company looks to be a part of the expansion strategy for China.

"At separation, we will be operating a highly cash-generative business, with no external debt and ample cash on hand. This will enable us to invest in new restaurants, digital engagement and our delivery network, providing job opportunities for thousands more people across the country," says Yum China CEO Micky Pant.

Consumers from the younger generation are evidently the main target for these two companies. KFC and McDonald's have abandoned using cartoon mascots and have instead turned to celebrities to draw attention.

In June, McDonald's collaborated with Kris Wu, a celebrity who is often dubbed the Justin Bieber of China because of the controversies he has been involved in.

The 27-year-old actor and singer in 2016 had overshadowed famous actress Fan Bingbing as the second most valuable celebrity in China in terms of commercial appeal, according to Chinese tech giant Tencent. Last year, Wu also became the first non-British face in the history of Burberry to don the luxury brand's signature trench coat, alongside the likes of Eddie Redmayne and Romeo Beckham.

But KFC would not be outdone. Over the past 13 months, the brand has collaborated with four celebrities, including boy band TFBoys, who helped to promote its black burgers. Before Wat took over, the brand had never partnered with celebrities as brand ambassadors. Its key marketing visual in China was the blue and red chicken that had replaced the iconic image of KFC founder Colonel Sanders.

"It's not all about sales, though we are pretty satisfied with the figures," says Wat, in response to the celebrity endorsement deals initiated by her since she took over the helm two years ago.

"The biggest challenge today is keeping up with the ever-changing demands of consumers. To be old is an honor. But to be outdated is dangerous."

[email protected]

(China Daily European Weekly 09/29/2017 page31)

Today's Top News

Editor's picks

Most Viewed

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: 日本wwwwwwwww| 天天看天天爽天天摸天天添 | 成人久久免费视频 | 99中文字幕 | 网红主播vip福利视频 | 国内精品视频在线观看 | 欧美一区二区三区网站 | 午夜国产精品免费观看 | 日本VA在线视频播放 | 精品一区二区三区四区五区 | 欧美午夜不卡 | 二区国产 | 久草在线精品视频 | 久久福利剧场 | 欧美亚洲一区 | 欧美特黄a级高清免费看片 欧美精品一二区 | av电影直播| 精品三级视频 | 成人综合视频网 | 欧美一区二区三区在观看 | 日韩福利在线 | 企鹅公装网 | 成年美女黄的视频网站 | 成人午夜视频在线播放 | 亚洲一区二区三区视频 | 欧美日韩亚洲一区二区三区在线观看 | 国产精品久久久久久喷浆 | 色秀视频免费高清网站 | 久久se精品一区精品二区 | 永久免费在线播放 | 国产成人精品区一区二区不卡 | 午夜精品久久久久久99热软件 | 国产精品精品 | 天天爱天天做久久天天狠狼 | 在线观看欧美三级 | 美女被网站大全在线视频 | 免费的色网站 | 亚洲精品综合久久 | 免费黄色大全 | www.在线播放| 国产亚洲女人久久久久久 |