Chinese restaurants starved for cash as virus hits industry

  • 📰 YahooSG
  • ⏱ Reading Time:
  • 52 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 71%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

Restaurants in China are taking a huge hit as many people across the country have been either under some form of quarantine or are reluctant to venture outside.

It is lunch time in Beijing, but the only diner in Cindy's Cafe is an employee having a staff meal -- it has been closed for more than three weeks as China battles a deadly virus epidemic.

"On a good day in the past, we could earn over 1,000 yuan a day from deliveries," Cai told AFP."Now, it's just around 200 to 300 yuan a day. The impact is especially big." Some, including hotpot chain Haidilao -- which has temporarily closed its mainland China outlets -- have turned to selling fresh and frozen products directly to communities.

It has also rolled out a fresh line of prepared ingredients so customers can quickly whip up Yunnan specialities while cooped up at home. "Our sales are just about 10 percent that of regular times before the epidemic," with delivery sales falling by half, he added. Li estimates"a few hundred" Yunhaiyao staff have taken on short-term work with third-party firms like supermarkets or online platforms.JD.com and JD-backed Dada Group have offered more than 35,000 jobs, with over half being frontline roles such as couriers and drivers, while around 40 workers from restaurant chain Putien now staff Meituan Grocery as well.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Restaurants in China cash-starved as virus hits industryBEIJING — It is lunch time in Beijing, but the only diner in Cindy's Cafe is an employee having a staff meal — it has been closed for more than three weeks as China battles a deadly virus epidemic. All over the world siah - any Chinese restaurant and Chinatown like ghost town. At least Singapore (and China) government committed to helping businesses survive this rut. (SMBs should always have savings in good times, to tide such events)
Source: TODAYonline - 🏆 1. / 99 Read more »

Chinese restaurants starved for cash as COVID-19 hits industryIt is lunch time in Beijing, but the only diner in Cindy's Cafe is an employee having a staff meal - it has been closed for more than three weeks ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »