McDonald’s has struck a deal to ramp up its stake in its China business to just under 50% and expressed confidence in its growth prospects in the world’s second-largest economy.

China could supersize McDonald’s financial results. Despite its size, McDonald’s posted a revenue gain of 14% to $6.7 billion in the most recent quarter, and net income rose 17% to $2.3 billion.

McDonald's China, Carlyle Group and CITIC declined to comment. Other consumer-facing U.S. firms, including Starbucks , opens new tab, Apple , opens new tab, Coach owner Tapestry , opens new tab ...

As KFC and McDonald's struggle globally, they're driving hard into China with aggressive store expansions in lesser-known parts of the country.

McDonald’s opened over 700 new restaurants in China in 2022, an all-time high. It plans to add an additional 900 stores in the country this year.

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.

McDonald’s opened over 700 new restaurants in China in 2022, an all-time high. It plans to add an additional 900 stores in the country this year.

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 ...

McDonald's will open 1,000 new outlets in China by the end of 2024. The expansion effort is part of its goal to have 10,000 stores in China by 2028.

McDonald's is buying Carlyle's stake in its China business, increasing its minority share from 20% to 48% ownership. The fast-food giant sold off control of its restaurants in mainland China, Hong ...

McDonald’s has struck a deal to ramp up its stake in its China business to just under 50% and expressed confidence in its growth prospects in the world’s second-largest economy.