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 business. Competitor Yum Brands, the owner of KFC and Pizza Hut ... ( read original story ...)

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 of the aughts, Nokia dominated the mobile phone market with its compact and affordable ... ( read original story ...)

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 in the second ... ( read original story ...)

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 companies said Monday. The transaction is part of a ... ( read original story ...)

McDonald's sells China business in $2.1B deal

HONG KONG - Fast food giant McDonald's says it 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 company said in a statement Monday that Citic ... ( read original story ...)

China's IPO market heats up in 2016

BEIJING - China's IPO market did better in 2016 as the regulator accelerated approvals in the latter half of the year. According to the official Securities Times, 12 companies are expected to go public on the A-share market next week, bringing the number ... ( read original story ...)