McDonald’s Steps Up China Super-Sizing With New Partners

By Coco Feng

In five years, McDonald’s aims to nearly double its 2,500 stores on the Chinese mainland. Photo: Visual China

McDonald’s is accelerating the pace of its store expansion in China, securing three real estate partners within just two months after its new owners, Citic Group and Carlyle Capital, took over its Chinese assets.

The latest partnership was inked Monday with real estate developer China Overseas Land and Investment Ltd. (Coli), which will help the fast food chain land restaurants on its properties, following a deal with Evergrande Group in August and one with Country Garden Group on Friday.

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