McDonald’s sells almost all of its business in China

McDonald’s sells almost all of its business in China

10.01.2017 News

According to one of the leading US companies – financial information provider Bloomberg L.P., McDonald’s Corporation already has a large share of potential buyers (80%) of Chinese fast food restaurants.

The future owner of the assets turned out a syndicate Citic and Carlyle Group companies, which will buy a controlling stake shares of McDonald’s business in China for $ 1.6 billion.

According to the above transaction, the Chinese consortium will acquire a twenty-year franchise. It is worth noting that the total value of China’s fast-food network is $ 2.08 billion.

In Hong Kong, China and South Korea, there are about 2800 chain restaurants McDonald’s. Most restaurants in the South – East Asia previously were directly owned by a US corporation.

In the past 2016 McDonald’s started working on the search for strategic partners to open another 1,500 restaurants in China, Hong Kong and South Korea.

Also read: Over the past year, McDonald’s has increased its investment in Ukraine by 23%

Other articles

  • test1
    News

    test1

    test1

  • globallogic hexacta
    News

    GlobalLogic Acquires Hexacta, an Innovative Digital Engineering Firm in Latin America

    Company Continues Strategic Expansion Adding New Service Capabilities, Talent, and Broadening Nearshore Footprint SAN JOSE, Calif.—January 5, 2023— GlobalLogic Inc., a Hitachi Group Company and Digital Engineering Leader, today announced the acquisition of Hexacta, a Pan-Latin-America digital and data engineering company. The acquisition is part of GlobalLogic’s continued strategy to expand its offerings, and its […]

  • Тест
    Analytics

    Тест

    тест     тест

  • globallogic healthtech 1
    News

    GlobalLogic engineers help create nearly 10% of the global medical device market

    Last year, the global medical device market reached $532.62 billion, according to Mordor Intelligence. Ukrainian engineers are involved in the projects of key players, which occupy almost 10% of the market. This share can be estimated at 50 billion US dollars*. Domestic specialists create more than a hundred software solutions of various levels. These include […]

  • 2779913
    News

    Twitter працює над відновленням відеосервісу Vine

    Новий власник Twitter Ілон Маск доручив інженерам попрацювати над перезавантаженням Vine, яке може бути готове до кінця нинішнього року. Про це повідомляє Axios. Зазначається, що інженерам компанії необхідно вивчити стару кодову базу відеосервісу, яка не змінювалася та не оновлювалася з моменту закриття, а саме з 2016 року, коли з’ясувалося, що майданчик не витримує конкуренції. Втім, одне з […]

  • picturepicture 156446930057951110266878 96171
    News

    CREDIT AGRICOLE TOPS THE SOCIAL RESPONSIBILITY RATING AMONG BANKS ACCORDING TO STANDARD-RATING

    Credit Agricole has been ranked first in the social responsibility rating of the banking sector, created by Standard-Rating based on the 2022 half-year results. The rating agency commended the bank’s contribution to the economy of Ukraine. The bank has paid UAH 100 million in taxes in advance, while issuing UAH 1.2 billion in loans under […]

  • impact automotive
    News

    How Ukrainian developers make impact on road safety

    From October 1, drivers must turn on the dipped headlights of the car outside the city. This helps to additionally mark the vehicle in conditions of low visibility within the autumn-winter period. GlobalLogic reminds about the importance of compliance with traffic rules and tells about the developments of Ukrainian engineers that affect road safety. In […]

  • 750x450 press release image ua
    News

    Intellias completes acquisition of Digitally Inspired, strengthening expertise in the Retail and eСommerce industry

    Intellias, a global software engineering and digital consulting company, has announced the completion of its acquisition of Digitally Inspired, a fast growing, UK based peer, focusing on the Retail and eCommerce industry. “I am delighted to welcome the Digitally Inspired team to Intellias. It is symbolic that Intellias’ twentieth anniversary coincided with signing an agreement […]

Read also

McDonald’s sells almost all of its business in China
News

State Service of Ukraine on Medicinal Products withdrew a batch of Pfizer’s hormonal drugs

The “Genotropin” drug, series MO5229, is forbidden to realization, storage  and using according to the information received by The State Service of Ukraine on Medicinal Products from the regulatory body field of quality control of medicines in Denmark. The State Service of Ukraine on Medicinal Products published on its website the Order ?577-2.0.1 / 2.0 / […]

Next
McDonald’s sells almost all of its business in China
News

Digital tools from METRO to grow your business!

There are more and more services every day that you can use with your own gadget from home. For business in the field of HoReCa, interaction with customers in the digital world is crucial. After all, guests are accustomed to convenient one-click booking, reminders about their reservations and more. Today, business owners are actively developing […]

Next
McDonald’s sells almost all of its business in China
News

Ukraine has attracted almost 2 billion from the sale of IGLBs

The Ministry of Finance held an auction for the sale of domestic government bonds (IGLBs), which raised UAH 1.89 billion to the state budget. This was reported by the press service of the Ministry of Finance on Tuesday, August 3. In total, investors were offered five issues of securities in hryvnia. The weighted average yield […]

Next
McDonald’s sells almost all of its business in China
News

For the first time, Facebook’s capitalization exceeded $ 1 trillion

Shares of the American company Facebook rose 4.18% to $ 355.64 at the end of trading on Monday, June 28, and amounted to 1.008 trillion dollars in total value of the company. The sharp jump in quotations is due to a court decision that rejected the antitrust lawsuit of the US Federal Trade Commission. This […]

Next
picturepicture 156446930057951110266878 96171
News

CREDIT AGRICOLE TOPS THE SOCIAL RESPONSIBILITY RATING AMONG BANKS ACCORDING TO STANDARD-RATING

Credit Agricole has been ranked first in the social responsibility rating of the banking sector, created by Standard-Rating based on the 2022 half-year results. The rating agency commended the bank’s contribution to the economy of Ukraine. The bank has paid UAH 100 million in taxes in advance, while issuing UAH 1.2 billion in loans under […]

Next
McDonald’s sells almost all of its business in China
News

Defence of the ex-chairman of Mikhaylovsky bank has lost the appeal

Ihor Doroshenko has been left in the predetention center. The appellate court of Kyiv rejected a request of Ihor Doroshenko, an ex-chairman of the board of Mikhaylovsky bank to be entitled to plead   and left it in the predetention center — the press service of Appellate court of the Kyiv city reports. Therefore, the judge’s  […]

Next
McDonald’s sells almost all of its business in China
News

AstraZeneca defended its COVID vaccine

The AstraZeneca COVID vaccine is not perfect, but it will save thousands of lives. The company’s CEO Pascal Sorio said this. According to him, AstraZeneca will become the largest producer of COVID-vaccine in the world, reaching the production of 200 million doses by April. “Is the vaccine perfect? No. However, it is great. Who else […]

Next
McDonald’s sells almost all of its business in China
News

Kromberg&Schubert increases the investments in its plant in Zhitomir

The manufacturer of on-board cable systems is  ready to increase the number of workers from 900 to 5000 people. A foreign investor, a manufacturer of cable networks for automobiles – Kromberg and Schubert has invested in the production of automotive components plant in Zhitomir € 10 million, and it plans to double its investment and […]

Next
McDonald’s sells almost all of its business in China
News

Oschadbank signs the pact with EBRD for € 50 m

By the information of Interfax-Ukraine, the state  Oschadbank and the European Bank for Reconstruction and Development have signed the memorandum of the association about corporate management state bank support on the 25th of November 2016. The parties also have concluded the memorandum about supporting of 50 million euros due to a trade financing program. As […]

Next
McDonald’s sells almost all of its business in China
News

Credit Agricole will pay the US government $ 99 million for aiding citizens in tax evasion

Division of a major bank in Switzerland will pay to the USA government a fine of   $ 99 million to settle the case to the complicity of American citizens in tax evasion, – reports The Wall Street Journal. In its defense, the bank’s representatives said that their establishment has never been support those who […]

Next
McDonald’s sells almost all of its business in China
News

Wizz Air has canceled about 20 routes from Ukraine till March 2021

Hungarian airline Wizz Air reduces the number of flights from Ukraine in the winter flight schedule. This was reported by lowcostavia. Dozens of flights from Ukraine were reduced – 12 routes are canceled by March 2021, even more destinations are temporarily suspended until the end of October. Flights from all cities of Ukraine have changed. […]

Next
McDonald’s sells almost all of its business in China
News

Lyft announces a resumption of travel and expects profits by the end of 2021

Shares of Lyft, which fell 16.2% since the beginning of the year but jumped 37.4% over the past week, rose 5.8% amid investor reaction to the company’s quarterly report. Lyft reported a loss for the third quarter (ended September 30) at $ 1.46, which is worse than analysts’ forecasts at – $ 0.91 loss per […]

Next
McDonald’s sells almost all of its business in China
News

Amazon is in talks to buy Metro-Goldwyn-Mayer for $ 9 billion

Amazon seems to be looking for a new strong factor for its growth. On Monday, the media wrote about its talks with MGM Holdings, the holding company that owns the 100-year-old film studio Metro-Goldwyn-Mayer. Shares of Amazon jumped 1.47% at the close of trading on the NASDAQ on Monday, continuing to rise in non-trading time. […]

Next
McDonald’s sells almost all of its business in China
News

“Ukrnafta” returns the licenses for natural gas production through the court

“Ukrnafta” won a court to return the licenses for the three production fields, suspended in January 2016.  District Administrative Court of Kyiv canceled   an order  of the State service of geology and mineral resources of Ukraine  about the suspension of special permits of the “Ukrnatfa” PJSC from January 26, 2016. It was reported by the press service of the State Service […]

Next
McDonald’s sells almost all of its business in China
News

The Ukrainian investment company Digital Future co-invested $ 13.1 million in the startup of YouAppi in the round

The Digital Future Investment company became a co-investor in the startup YouAppi round “B”. According to the CEO of the Digital Future,  Alexei Vitchenko, this  is the first transaction of the Ukrainian investment company  in the “B” round level. The deposit amount is not disclosed. American-Israel YouAppi service was founded in 2011. YouAppi technology is […]

Next
McDonald’s sells almost all of its business in China
News

Ukrainian Channel 1 + 1 was allowed to broadcast

In the National Council of Ukraine on January 5, 2017 it was a briefing, the participants of which were the chairmen of the regulatory body and in result of which special commissioners of tv chanel got the right to broadcast, according to the source Media Detector. According to Uliana Feshchuk – a deputy head National […]

Next