Laoxiangji withdraws its Hong Kong IPO filing six months after submission. The fast-food chain operates 1,658 stores across 61 Chinese cities. The lapse follows no public updates on its listing status.
EqualOcean publishes weekly roundups tracking major global expansion moves by Chinese companies. This installment highlights firms navigating international markets amid rapid industry shifts. The series documents funding, partnerships, and strategic hires driving cross-border growth.
Jumbo Group’s subsidiary, **Jumbo F&B Services**, partners with **Laoxiangji Holdings** to launch the **Lausanjee quick-service restaurant (QSR) chain** in Singapore through a joint venture. The collaboration expands Lausanjee’s regional footprint, leveraging Jumbo Group’s local operational expertise and Laoxiangji’s brand ownership.
Jumbo Group’s subsidiary is partnering in a joint venture to introduce **Lausanjee**, a Chinese quick-service restaurant chain, to Singapore. The subsidiary holds a **49% stake** in the new venture, marking its entry into the local fast-casual dining market. The collaboration aims to expand the brand’s presence in Southeast Asia through Singapore’s established food retail ecosystem.
