Catering Industry Transformation Driven by Consumption Upgrade

The report pointed out that stable consumption growth has strengthened the long-term development of the catering market and has attracted more and more capital and cross-border competitors. We believe that China's catering industry will enter a new era of diversified development and competition in the next couple of years.

• Consumption upgrade leads a rapid recovery in catering.
• Chain catering enterprises drive the entire industry to scale up and develop effectively.
• The rise and adoption of technology promote the digital transformation of catering industry.
• Catering industry is more active in capital market.
• Policy guidelines shall not be overlooked: tax compliance and food safety have become the regulation focus in catering industry.