McDonald's sells 80% stake
By He Wei in Shanghai | China Daily | Updated: 2017-01-10 07:49
Big Mac chain to franchise 2,600 stores for 20 years
Fast-food chain McDonald's Corp announced on Monday the sale of 80 percent of its Chinese mainland and Hong Kong operations to a consortium including CITIC Ltd and Carlyle Group LP.
The move will help it expand amid growing competition, but analysts warned challenges remain.
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