# restaurants
Latest news and articles about restaurants
Total: 3 articles found
Wang Sicong Moves Into Restaurants and Beauty as Investment Vehicle Grapples with Asset Auctions
Wang Sicong has registered a new Beijing catering-management company and made several small lifestyle investments as his flagship investment vehicle, Pusi, faces asset auctions and enforcement actions. The moves reflect a strategic shift toward consumer services amid funding stress in China’s entertainment and content sectors and signal a low-cost testing approach rather than a major new expansion.
Delivery Repackages the Reunion: Chinese New Year ‘Family Dinner’ Goes Digital
Search interest in delivered and takeaway reunion dinners spiked sharply ahead of this year’s Spring Festival, prompting restaurants and platforms to scale delivery services into urban and rural areas. The shift points to a significant reconfiguration of a core cultural ritual, with implications for restaurants, logistics providers and environmental and labour concerns.
China’s Platforms Tell on Restaurants: The End of ‘Underreported’ Revenues for Small Eateries
A June 2025 rule forcing internet platforms to report merchant transaction data, combined with China’s Gold Tax Phase IV, has enabled tax authorities to reconcile platform receipts with restaurants’ declared sales. Small eateries that historically underreported income through cash sales and shared food‑court licensing now face retroactive tax bills, forced licensing, and a surge in compliance costs. The policy aims to broaden the tax base and curb unhealthy price competition but risks short‑term closures and consolidation in the sector.