---
title: "Zhenbao Group establishes a joint venture company to operate restaurants in Xi'an | Lianhe Zaobao"
type: "News"
locale: "zh-CN"
url: "https://longbridge.com/zh-CN/news/273375510.md"
description: "Jumbo Group will establish a joint venture in Xi'an to operate the \"Jumbo Seafood\" brand restaurant. The joint venture is jointly established by Jumbo's subsidiary Jumbo F&B Services and Beijing Hualian Catering Management Co., Ltd., with a registered capital of 1.5 million yuan. Jumbo holds 20% of the shares, while Beijing Hualian holds 80%. Jumbo Group believes that Xi'an is an important regional city with brand appeal in the local market, and the joint venture agreement will help it participate in market development and control investment risks"
datetime: "2026-01-22T12:58:45.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/273375510.md)
  - [en](https://longbridge.com/en/news/273375510.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/273375510.md)
---

> 支持的语言: [English](https://longbridge.com/en/news/273375510.md) | [繁體中文](https://longbridge.com/zh-HK/news/273375510.md)


# Zhenbao Group establishes a joint venture company to operate restaurants in Xi'an | Lianhe Zaobao

The restaurant company Jumbo Group will establish a joint venture in China to operate "Jumbo Seafood" brand restaurants in Xi'an.

Jumbo Group announced on Thursday (January 22) that its wholly-owned subsidiary Jumbo F&B Services has signed a joint venture agreement with Beijing Hualian Catering Management Co., Ltd. to jointly set up a joint venture in Xi'an, China, to operate the aforementioned restaurant and engage in other related businesses.

The registered capital of the joint venture is 1.5 million yuan (approximately 280,000 USD), with Jumbo and Beijing Hualian holding 20% and 80% of the shares, respectively.

#### Further Reading

Jumbo Group's net profit fell 84.9% in the second half of the year due to reduced local revenue and rising operating costs  
  
\](https://www.zaobao.com/finance/singapore/story20251126-7876538) Live Report: Chinese restaurant brands compete for market share, can local Singaporean operators still thrive?

Jumbo pointed out that Xi'an is an important regional city and believes that the group's brand has a certain degree of appeal and influence in the local market. The group stated that through this agreement, it can participate in local market development while controlling investment risks within an acceptable range.

Jumbo Group closed at 0.29 SGD, with no change.

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