McDonald’s is set to rapidly expand its business in China, planning to nearly double its restaurant count in the country by the end of 2022. The growth plan is the result of a partnership with…
BUSINESS
China to get 2,000 more McDonald’s restaurants in next five years
The new plans come after McDonald’s sold off most of the China business to state-owned investment house Citic and global asset manager Carlyle, saying they would bring a better understanding of the local market. Under…
McDonald’s is going to nearly double its number of stores in China
Earlier in the year, the U.S fast food chain agreed to sell most of its China and Hong Kong business to CITIC and Carlyle for up to $2.1 billion. The new partnership had planned to…
McDonald’s plans to nearly double restaurants in China
The deal leaves McDonald’s, based near Chicago in Oak Brook, Illinois, with a 20 percent stake in its China business. McDonald’s said 45 percent of its China restaurants will be in smaller cities, such as…
China may spend US$1.5 trillion on outbound acquisitions, Linklaters says
“Despite potentially increased scrutiny by Chinese regulators and banks of some of the deals underlying these flows, we expect China to remain ‘open for business’ with respect to genuine strategic overseas acquisitions,” Linklaters said in…
McDonald’s bumps up estimate for stores in China by 2022
Earlier in the year, the U.S fast food chain agreed to sell most of its China and Hong Kong business to CITIC and Carlyle for up to $2.1-billion. The new partnership had planned to add…
China to get 2,000 more McDonald’s restaurants
“China will soon become our largest market outside of the United States,” said McDonald’s CEO Steve Easterbrook. The company and its new business partners in China — investment firms Citic and Carlyle Group — are…
Wanda says its US$1.5b Australia projects ‘progressing well’, flatly denying reports they are up for sale
The group, the largest commercial real estate developer in China, had acquired the 1 Alfred Street and … in the heart of the Circular Quay precinct of the city’s central business district, according to its…
BRIEF-China Internet Nationwide Financial Services shares open 30 pct above IPO price on Nasdaq
* China Internet Nationwide Financial Services Inc shares open at $13.00 in debut on the Nasdaq versus ipo price of $10.00 per share Further company coverage: ( read original story …)
Putin’s Aide Seeks $100 Million to Rival China in Bitcoin Mining
Unlike a traditional IPO in which buyers get shares … Today’s bitcoin mining requires special computers based on chips with minimized power consumption. China’s Bitmain Technologies Ltd. is one of the leading producers of such…
Telecom giant China Tower IPO in Hong Kong likely to lure international investors
The signals are good for a huge telecoms infrastructure listing. China Tower, owner of the world’s biggest collection of telecoms towers, is preparing an IPO in Hong Kong of up to $10 billion, Reuters says.…
China’s July exports, imports weaker than expected, cloud global outlook
China’s exports and imports grew more slowly than expected in July, raising concerns over whether global demand is starting to cool even as major Western central banks consider scaling back their massive stimulus programs. China…
Josh Steimle: What Western Brands Need to Know About Marketing in China
Josh Steimle is the CEO of MWI, a global digital marketing agency that he founded in 1999, when he was still a college student. In 2013, Josh moved from Salt Lake City to Hong Kong…
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