News / Taiwan / economic_daily
Young Qin Targets 1,500 My Warm Day Outlets by 2030; Accelerates Hot Pot Expansion
Consumer Services · Restaurants · economic_daily · 2026-08-26
2755
Young Qin, parent company of My Warm Day, plans to reach 1,500 stores by 2030 while accelerating its hot pot brand expansion and streamlining international partnerships.
What Happened
Expansion Strategy: Young Qin announced at its investor conference that its flagship brand, My Warm Day, has solidified its presence with over 1,000 locations. The company aims to add 100 net new stores annually, targeting a total of 1,500 locations by 2030 and 2,000 by 2035 through a regional cluster strategy.
Brand Performance: The hot pot brand 'Shuan Jin Guo' has shown strong momentum, with revenue growing 63% year-over-year in the first half of the year. The brand is entering an aggressive expansion phase in the second half, with plans to open six new locations, including its first entries into New Taipei City.
Strategic Adjustments: The company has decided to terminate its agency agreement for the Malaysian brand 'Penang Chendul' due to high costs and regulatory challenges regarding imported raw materials. Consequently, the reciprocal brand agency agreement with the Malaysian partner has also been dissolved to allow for better operational focus.
International Growth: The 'Fried Chicken Master' brand continues to expand its global footprint, with established operations in Indonesia, Malaysia, and Singapore. The company is set to launch its first U.S. location in Virginia in mid-October, with two additional sites already under contract.
Read original
More in Consumer Services
Consumer Services · economic_daily · 2026-08-26
Great Empire (4804.TW) remains suspended from trading on the TPEx after losing control of its primary subsidiary, leading to a significant revenue collapse and unresolved financial reporting issues.
4804
Consumer Services · economic_daily · 2026-08-26
Louisa Coffee has launched its second hot pot brand, 'Wagyu Guoxu,' featuring all-you-can-eat wagyu and a buffet, as part of its strategy to expand into hotel-based dining.
2758
Consumer Services · cnbc · 2026-08-26
The pending $110 billion merger between Warner Bros. Discovery and Paramount faces significant regulatory hurdles, leaving WBD in a state of operational limbo.
WBD, PSKY, FOX, AMZN, NFLX, GOOGL, DIS, CMCSA, VSNT
Latest in Taiwan
Electronic Technology · economic_daily · 2026-08-26
Powertech Technology's proprietary PiFO panel-level packaging technology has been adopted by major U.S. firms, with production capacity booked through 2027.
6239
Electronic Technology · economic_daily · 2026-08-26
Powertech Technology (PTI) is advancing its panel-level packaging projects with AMD and Broadcom, leveraging its new Hsinchu facility to capture AI chip demand.
6239
Electronic Technology · economic_daily · 2026-08-26
The Taiwan stock market posted its second consecutive day of gains, driven by strength in optical components and ASIC stocks, with analysts advising cautious entry.
Electronic Technology · economic_daily · 2026-08-26
Nvidia is evolving into a comprehensive AI platform provider, prompting analysts to suggest a 'buy on dips' strategy for the related hardware supply chain.