McDonald’s sells control of China business

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 with Western rivals by opening new stores in smaller ... ( read original story ...)

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 in this market ... ( read original story ...)

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 of first-time share sales in mainland China is ... ( read original story ...)

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 ...)