Tsui Wah Holdings

What Tsui Wah Holdings does

Tsui Wah Holdings is a Hong Kong-headquartered, publicly listed restaurant group (HKEX: 1314) founded in 1967 as a Mongkok ice parlor and operating as the first Cha Chaan Teng (Hong Kong-style diner) listed on the Hong Kong Stock Exchange main board following its November 2012 IPO. The group runs an integrated multi-brand casual dining and QSR platform spanning Hong Kong, Macau, mainland China (Guangzhou, Shenzhen, Shanghai, Zhuhai, Zhongshan, and Hainan) and Singapore, with over 10 operating concepts including the flagship Tsui Wah Restaurant, Tsui Wah Express and Express+, Tsui Wah Eatery, Ging Sun Ho King of Bun (Shanghai dumplings), Nijuuichi Don (Japanese fast food), Homurice (Japanese-Western fusion), Ceylon (Hong Kong comfort food), From Seed to Wish (Western café), Kamitoriyaki (Japanese yakitori), and Supreme Catering. The core technology underpinning the platform is an ISO 22000:2018-certified central kitchen food safety management system covering procurement, storage, production and delivery, paired with FEHD General Restaurant and Food Factory licenses, producing a menu of more than 1,000 Chinese-Western fusion dishes for daily in-restaurant consumption.

The company monetizes primarily through owned-store restaurant operations across Hong Kong, Macau, mainland China and Singapore, with revenue also generated through takeaway and delivery via the self-operated 'Fast Tsui Delivery' (快翠送) brand launched in January 2022 and through third-party platforms such as Grab Food in Singapore. The Singapore footprint is operated via a franchise arrangement with a Singapore joint venture company established in March 2018, representing the group's first Southeast Asian market entry. Go-to-market centers on direct-to-consumer physical locations in high-traffic sites — including airport concessions (Hongqiao, Pudong, Changi, Shenzhen), duty-free zones (Sanya, Haikou), transport hubs (Hong Kong-Zhuhai-Macao Bridge Port), and commercial districts — supported by traditional brand marketing (50th anniversary TV commercials, press releases, cross-brand collaborations including a January 2024 Luzhou Laojiao milk tea co-promotion) and digital ordering via own-site and aggregator channels.

Tsui Wah serves three primary customer segments: general consumers seeking authentic Hong Kong-style comfort food across age groups and cultural backgrounds (primary), business and travel customers in airport and commercial-area locations, and delivery/takeaway customers using the Fast Tsui Delivery service or third-party platforms. The group differentiates on heritage brand recognition, multi-format portfolio coverage, food safety certification (ISO 22000:2018 plus consecutive Caring Company, BOCHK Environmental Leadership, and EatSmart Restaurant Star+ awards), and geographic diversification across four markets. Leadership is held by Chairman Lee Yuen Hong and CEO Kenji Lee (李堃綸), with board refresh and CEO transition announced around the 2025 AGM alongside independent non-executive director and audit committee changes.

Name

Tsui Wah Holdings

Legal name

翠華控股有限公司 (Tsui Wah Holdings Limited)

Website

https://tsuiwah.com

Company type

Public

Founded year

1967

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Tsui Wah Holdings (HKEX: 1314) operates a multi-brand Cha Chaan Teng and casual dining restaurant platform founded in 1967, serving general consumers, travelers, and delivery customers across Hong Kong, Macau, mainland China, and Singapore through owned physical locations and self-operated delivery.

Ownership category

akta.pro rank

Product category

Casual Dining Restaurant Services

NAICS

Limited-Service Restaurants (722513)

SIC

Retail-Eating Places (5812)

akta.pro primary industry

Asian Fast Casual (Pan-Asian, Chinese, Japanese, Thai, Korean) (THAFABAE)

akta.pro secondary industries

Asian QSR (Chinese/Thai/Japanese/Korean) (THAFAAAF), Multi-Concept / Global QSR Chains (Mixed Menus) (THAFAAAO)

Keywords

• Hong Kong-style dining
• Cha Chaan Teng chain
• Casual restaurant operations
• Food delivery services
• Multi-brand restaurant group

Headquarters

HQ city

Kwai Tsing

HQ country

Hong Kong SAR China

HQ region

Asia

Offices11 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Infrastructure, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Restaurant Operations: Revenue generated from operating owned restaurant locations across multiple brands including Tsui Wah Restaurant, Ging Sun Ho King of Bun, Nijuuichi Don, Homurice, Ceylon, and From Seed to Wish, covering Hong Kong, Macau, mainland China and Singapore markets.
2. Food Delivery and Takeaway: Revenue from delivery and takeaway services including own delivery brand 'Fast Tsui Delivery' (快翠送) and partnerships with third-party food delivery platforms such as Grab Food.

Go-to-market motion1 record

Distribution channels4 records

Marketing channels4 records

Core offering

Tsui Wah Holdings operates a multi-brand restaurant group serving Hong Kong-style Cha Chaan Teng comfort food and complementary cuisines (Shanghai dumplings, Japanese fast food, Japanese-Western fusion, Western café) through owned and franchised dine-in locations across Hong Kong, Macau, mainland China and Singapore. The group also runs self-operated takeaway/delivery under the Fast Tsui Delivery (快翠送) brand and provides event catering through Supreme Catering, all supported by an ISO 22000:2018-certified central kitchen.

Product overview

Tsui Wah Holdings operates a diversified portfolio of restaurant brands across Hong Kong, Macau, mainland China, and Singapore. The company's core product is the Tsui Wah Restaurant (翠華餐廳), a leading Cha Chaan Teng (Hong Kong-style teahouse) chain that was founded in 1967 and became the first Cha Chaan Teng listed on the Hong Kong Stock Exchange (stock code: 1314). Beyond the flagship brand, the group has expanded into multiple sub-brands including: Ging Sun Ho King of Bun (堅信號上海生煎皇) for Shanghai-style dumplings and noodles; Nijuuichi Don (廿一堂) for Japanese fast food; Homurice (揚食屋) for Japanese-Western fusion; Ceylon (錫蘭) for Hong Kong comfort food; and From Seed to Wish for Western café offerings. The group also operates delivery services through its self-operated brand Fai Chui Sung (快翠送), express formats (Tsui Wah Express and Express+) at airports, and a catering subsidiary (Supreme Catering).

Differentiator

Problem solved

Functional benefit

Brands

• 堅信號上海生煎皇 (Ging Sun Ho King of Bun): Shanghai-style dumplings and noodles concept
• 廿一堂 (Nijuuichi Don)
• 揚食屋 (Homurice)
• 錫蘭 (Ceylon)
• From Seed to Wish
• 快翠送 (Fast Tsui Delivery)
• 至尊到會 (Supreme Catering)

Products and services

• Tsui Wah Restaurant (翠華餐廳) Hong Kong-style Cha Chaan Teng (teahouse) chain restaurant serving Hong Kong comfort food and Chinese-Western fusion dishes; the first Cha Chaan Teng listed on the Hong Kong Stock Exchange main board.
• Ging Sun Ho King of Bun (堅信號上海生煎皇) Shanghai-style dumpling and noodle concept specializing in pan-fried pork buns (生煎包) and various noodle dishes, targeting customers seeking authentic Shanghai cuisine.
• Nijuuichi Don (廿一堂) Modern Japanese fast food brand offering quick-service Japanese cuisine positioned as a fast-casual dining option.
• Homurice (揚食屋) Japanese-Western fusion restaurant specializing in omurice (蛋包飯) and other Japanese-style Western dishes.
• Ceylon (錫蘭) Hong Kong-style comfort food restaurant offering traditional Hong Kong cuisine and Cha Chaan Teng classics.
• From Seed to Wish Western-style café offering light brunch options and specialty coffee, targeting customers seeking international café experiences.
• Fast Tsui Delivery (快翠送) Self-operated takeaway and delivery brand offering online ordering for Tsui Wah group restaurants.
• Tsui Wah Eatery (翠華EaTery) Casual dining format of Tsui Wah located at the Hong Kong-Zhuhai-Macao Bridge Hong Kong Port.
• Tsui Wah Express (翠華Express) Express format restaurant located primarily in airports and high-traffic areas, offering quick service.
• Tsui Wah Express+ (翠華Express+) Enhanced express format with expanded menu offerings, found in airport locations.
• Kamitoriyaki (神鳥燒) Japanese yakitori (grilled skewer) specialty restaurant sub-brand.
• Supreme Catering (至尊到會) Corporate catering service handling events, banquets and large-scale dining occasions for institutional and corporate customers.

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Three partnerships are on record, tiered minor and core.

• Luzhou Laojiao (瀘州老窖)minorStrategic or Co-development Partner · 24 January 2024Tsui Wah Restaurant partnered with Luzhou Laojiao for a limited edition 'Drunk Fun Fun Rich Milk Tea' (醉Fun Fun濃情奶茶) promotional collaboration, representing a cross-category brand collaboration between a Hong Kong Cha Chaan Teng and a Chinese liquor brand.
• Grab Food (Singapore)minorChannel Partner/ Reseller/ Distributor · 1 January 2022Tsui Wah operates food delivery services through Grab Food platform in Singapore, which contributed to winning the Grab Foodie Awards 2022 - Teatime Treat Award from The Foodie of Singapore.
• Singapore Joint Venture CompanycoreStrategic or Co-development Partner · 9 March 2018Tsui Wah Holdings established a joint venture company in Singapore and entered into a franchise agreement with the joint venture company for the operation of Tsui Wah restaurants in Singapore, marking the group's expansion into the Southeast Asian market.

Scale indicators3 records

Recent moves7 records

Expansion highlights6 records

Regional players

• Ajisen Ramen: Japanese ramen QSR chain originating from Kyushu with strong Hong Kong and Greater China presence. Comparable to Tsui Wah in Japanese fast-food positioning within the Hong Kong/China market.

Direct peers

• Yoshinoya Holdings: Japan-headquartered Asian QSR chain specializing in gyudon (rice bowl) fast food with extensive Asia presence. Comparable to Tsui Wah's Nijuuichi Don and other Asian fast-food concepts in terms of format, speed, and category.
• Fairwood: Hong Kong-based fast casual restaurant chain serving Hong Kong-style comfort food via counter-order service. Directly comparable to Tsui Wah's core Cha Chaan Teng format and target customer base.
• Hop Hing Group: Hong Kong-based operator of Asian QSR brands including Yoshinoya and other casual chains across Hong Kong and mainland China. Comparable as a multi-brand Asian casual/QSR operator with similar regional footprint.
• Genki Sushi: Conveyor-belt sushi QSR chain operating across Hong Kong and Asia under Maxim's and D&D subsidiaries. Comparable to Tsui Wah's Japanese sub-brands (Nijuuichi Don, Kamitoriyaki) for Japanese fast-casual positioning.
• Cafe de Coral Holdings: Hong Kong's largest casual/QSR chain operating fast-food and quick-service restaurants under multiple brands across Hong Kong, mainland China and Macau. Closest direct peer to Tsui Wah given shared Hong Kong heritage, multi-brand portfolio, and casual dine-in + QSR hybrid model.
• Tam Jai International: Hong Kong-origin multi-brand Asian casual dining group (TamJai Yunnan Mixian, TamJai SamGor) with presence in mainland China, Singapore, Japan and other Asian markets. Comparable to Tsui Wah in multi-brand, multi-geography casual Asian dining strategy.
• Tao Heung Group: Hong Kong-listed Chinese restaurant group operating casual and banquet dining concepts across Hong Kong and mainland China. Comparable multi-brand Hong Kong casual dining operator.

Broad incumbents

• Dairy Farm Group: Pan-Asian retailer and F&B operator (Wellcome, Mannings, 7-Eleven, IKEA, Maxim's affiliate). Overlaps with Tsui Wah's pan-Asia multi-brand consumer positioning and broader food ecosystem, though it is a larger incumbent.
• Maxim's Caterers: Hong Kong's largest F&B conglomerate operating bakery, casual dining, QSR (Genki Sushi, Genki Concept) and catering brands across Asia. Overlaps with Tsui Wah on casual dining, Japanese concepts (Homurice/Nijuuichi Don vs Genki) and catering (Supreme Catering).

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/tsui-wah-holdings-limited

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries7 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Tsui Wah Holdings