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 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.

Since 2017, McDonald's has doubled its footprint in China to more than 5,500, making the market its second largest by number of locations. The chain aims to reach 10,000 restaurants by 2028.

"McDonald's China will continue to leverage the capital and other resources from CITIC (Trustar), Carlyle, and McDonald's Corp to achieve the future milestone of 10,000 stores," said McDonald's China.

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 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 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.

Not all heroes wear capes... some just really believe in beef. Unlisted has teamed up with Wieden+Kennedy Shanghai to bring a ...

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 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.

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 ...