McDonald’s said it had struck a deal to ramp up its stake in its China business to just under 50%, expressing confidence in the burger chain’s growth prospects in the world’s second-largest economy. T …
Tagged By business
Chinese Police Bust $140 Million Crypto Money Laundering Ring
Law enforcement agency in Wuhan arrested 27 individuals involved in a sophisticated crypto money laundering involving $140 million.
COLUMN-China unlikely to repeat last winter’s surge of fuel exports: Russell
In the northern winter of 2022-23 China played an outsized role in easing a squeeze on the availability of refined fuels, caused largely by the loss of some shipments from Russia as Western countries …
Geely unit IPO will test geopolitical speed limit
Chinese electric-vehicle maker Zeekr is charging up for a U.S. initial public offering that will test geopolitical speed limits. The company, owned by Geely Automobile , is growing sales at home. But …
McDonald’s increases its minority stake in China business with Carlyle deal
In 2017, the fast-food giant sold control of its restaurants in mainland China, Hong Kong and Macao to Carlyle and Citic.
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…