Property News · August 15, 2017

McDonald’s accelerates China expansion through partnership with property giant Evergrande


McDonald’s has accelerated its localisation strategy in mainland China by entering into a partnership with Evergrande Group, the country’s largest homebuilder.
The agreement comes two weeks after the global fast food giant closed a deal to sell a controlling stake in its Chinese and Hong Kong divisions to China’s state-owned Citic Group.
The newly formed McDonald’s China also unveiled a plan early August to add 2,000 more restaurants to its current 2,500 in mainland…

Source : South China Morning Post
Read more…McDonald’s accelerates China expansion through partnership with property giant Evergrande

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