McDonald’s Corp. has agreed to sell a controlling stake in its China and Hong Kong operations to a group of financial investors in the latest effort by the world’s largest fast-food chain to catch up…
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Taco Bell China launches in Shanghai
The restaurant has opened in conjunction with Yum China Holdings, which is the licensee of Yum! Brands in Mainland China. “Leveraging our deep insights into Chinese consumer preferences, developed from close to 30 years working…
Jordan Brand’s New Chengdu Store Is The Largest Jordan-Only Store In Asia
GM of Jordan Brand Greater China said in a Nike News press release. “We look forward to bringing amazing product and personalized services to basketball and sneaker fans in Chengdu and Taipei.” The Jordan Brand…
China warns US on Taiwan leader's stopover
Chinese state media has warned the US against deviating from the one-China policy, hours after the Taiwanese leader stopped briefly in Houston. Tsai Ing-wen met Texas Senator Ted Cruz and Governor Greg Abbott during her…
China Warns After Cruz, Abbott Meet Taiwan's President
At a news briefing in Beijing on Monday, Foreign Ministry spokesman Lu Kang said China was firmly opposed to any contact between Taiwan’s leader and “anyone from the U.S. government.” He said such contacts threaten…
China IPO Fundraising Set to Jump as State Pushes Debt Reduction
Fundraising from Chinese domestic initial public offerings in 2017 is expected to jump to the highest level in six years, as the government turns to the stock market to help companies reduce debt. The volume…
McDonald's agrees China franchise sale
Under the agreement signed Monday, the US fast food giant will keep a 20% stake in its China business. Citic will hold a 52% share in the partnership while Caryle takes 28% of the new…
Distressed debt manager China Orient to raise $1.5 bln ahead of IPO-IFR
HONG KONG Jan 9 Distressed debt manager China Orient Asset Management Co Ltd plans to raise about $1.5 billion ahead of a planned initial public offering (IPO) in Hong Kong, IFR reported on Monday, citing…
McDonald’s sells most of China, HK business to CITIC, Carlyle for $2.1-billion
McDonald’s Corp has agreed to sell the bulk of its China and Hong Kong business to state-backed conglomerate CITIC Ltd and Carlyle Group LP for up to $2.1-billion, seeking to expand rapidly without using much…
Nokia is trying to make a smartphone comeback, starting in China
Nokia is launching a comeback — in China. If you are a cell phone user of a certain age, you likely have a soft spot for the Nokia brand. In the late 1990s and most…
Yum China Launches Taco Bell Brand in China
SHANGHAI, Jan. 9, 2017 /PRNewswire/ — Yum China Holdings, Inc. (“Yum China”) (NYSE: YUMC), and Taco Bell Corp., the world’s largest Mexican-inspired restaurant chain, today announced that they have opened the first Taco Bell restaurant…
McDonald's sells China business in deal worth up to $2.1B
HONG KONG – Fast-food giant McDonald’s is selling a controlling stake in its China business to a group of investors led by state-owned Chinese conglomerate Citic in a deal worth up to $2.1 billion, the…
McDonald's gives up control of its China business in $2 billion deal
McDonald’s is selling off most of its China business in a deal worth as much as $2.1 billion. Citic, a massive Chinese financial firm, is taking the majority stake in McDonald’s (MCD) operations in mainland…
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