In 2017, the fast-food giant sold control of its restaurants in mainland China, Hong Kong and Macao to Carlyle and Citic.
Tagged By business
McDonald’s Buys Back Minority Stake in China Business
Carlyle acquired its stake in McDonald’s (ticker: MCD) in 2017, when the company sold its operations in mainland China and Hong Kong to a locally led consortium for $2.1 billion. CITIC Capital, an …
Traveling to Prove China Is Not Our Enemy
CODEPINK is a feminist grassroots organization working to end U.S. wars and militarism, support peace and human rights initiatives, and redirect our tax dollars into healthcare, education, green jobs …
McDonald’s is acquiring a bigger stake in its China business
McDonald’s is taking a bigger chunk of China. The burger giant on Monday said it has agreed to acquire the stake in its China operator currently owned by Carlyle. Terms of the deal were not…
McDonald’s increases stake in the partnership that runs the business in China
McDonald’s Corporation (NYSE:MCD) announced on Monday that it has agreed to acquire Carlyle Group’s (CG) minority ownership stake in the strategic partnership that operates and manages the restaurant …
McDonald’s Increases Ownership in China Business
McDonald’s announced Monday that it’s bolstering its investment in China, the brand’s second-largest market behind the U.S. The burger giant agreed to acquire the minority ownership stake of global …
Hong Kong’s GEM board needs more radical reform as proposed changes fail to address IPO drought, industry players say
High fundraising costs, a lengthy vetting process and uncertainties about approvals have turned smaller firms away from Hong Kong’s moribund secondary board Bankers and brokers call for more radical …
Why Japanese brands like Yamaha, Shiseido and Muji see both opportunities and risks in China
Japanese foreign direct investment into China has been shrinking, as has the number of Japanese citizens living there. Read more at straitstimes.com.
Nvidia Deletes RTX 4090 From Its China Site As Export Ban Takes Effect
Although the export ban doesn’t bode well for the future of high-end graphics card sales in China, it appears local retailers moved quickly to stock up on the RTX 4090. The graphics card is still…
China’s tech giants dip their toes into web3, but prospects are limited so far
Amidst a backdrop dominated by twenty-somethings clad in trendy company hoodies and giving out well-designed merchandise, the two Chinese tech giants appeared somewhat incongruous with their more …
China’s electric vehicle imports to EU hit record level amid Brussels subsidy probe
Exports to the bloc passed the US$2 billion mark for the first time in October, almost double the value of shipments the previous month.
BYD unveils premium Sea Lion brand, mid-sized, full-electric SUV, in challenge to Tesla in China’s luxury car market
New launches by BYD, the world’s largest electric vehicle (EV) maker, targeting established models by Tesla, leader in China’s premium EV segment, are expected to intensify competition in the world’s …
Adobe to stop selling China Photoshop software bundle deal after business assessment
The plan, marketed as Adobe’s first app solution for individual users in China, faces competition from local rivals such as Meitu.
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