20000 new Chinese (from China) restaurants have opened in Malaysia in 5 years
20000 new Chinese (from China) restaurants have opened in Malaysia in 5 years
20000 new Chinese restaurants have opened in Malaysia in just 5 years? Sound ridiculous? Well apparently, it is happening in Malaysia according Economic Daily China Facebook Post.
Source: https://www.facebook.com/EDNewsChina/videos/1893983802003136/
According to Liaw Choon Liang, Deputy Secretaries General of the Associated Chinese Chambers of Commerce and Industry of Malaysia (ACCCIM), in the past 5 years, Chinese people have invested over 20,000 restaurants in Malaysia. In some areas of Kuala Lumpur, entire streets are lined with Chinese restaurants.
I tried to locate the source of the story but most of the articles of the Associated Chinese Chambers of Commerce and Industry of Malaysia (ACCCIM) is in Chinese.
Hence, when I google for more, I find more sources from our local dailies like TheStar.
According to Malaysian Chinese Restaurant Association president Gao Hao Yun in an interview with The Star in 2024, the number of Chinese restaurants owned or co-owned by China nationals is 1,000.
Last year, this figure rose to 10,000 and this year, it is expected to hit 15,000 or more. Clearly, there has been a huge spike in the past few years and the numbers are fast growing.
This mirrors a shift from small restaurant owners to larger brands arriving and thriving in Malaysia, like Haidilao, Tanyu, Nong Geng Ji and even local China-influenced brands like Supamala Hotpot.
The growth of larger China food brands tallies with the findings of Singapore-based consultancy Momentum Works, which released a recent report detailing the growth of 60 China F&B brands like Mixue and Haidilao in South-East Asia.
The report highlighted how, at the end of 2022, these brands only had 1,800 outlets in the whole of South-East Asia. By the end of 2024, the number had risen drastically to 6,100.
Related stories: https://theedgemalaysia.com/node/775713
For advertisements, please contact us at [email protected]
