Online catering proves recipe for investor success

BEIJING - China's online catering sector is continuing to expand quickly, as more than 300 million meals are expected to be ordered online this year, according a recent industry forecast.

The country's takeout business will account for more than 10 percent of the catering industry's total retail revenue by 2020, said Jiang Junxian, head of the China Cuisine Association.

In 2016, a total of 256 million meals were ordered online, up 22.5 percent from 2015, he revealed at an industry conference on online catering.