Have you ever walked around China and fretted that you cannot find a McDonald’s within your immediate vicinity? Well, your worries may soon be over.
McDonald’s has announced plans to open a whopping 2,000 more outlets in mainland China by the end of 2022, almost doubling its current number of restaurants in the country from 2,500 to 4,500.
The move is part of a strategic partnership that the American fast food chain recently entered into with CITIC Ltd. and the Carlyle Group, selling away most of its China and Hong Kong stores to the two conglomerates earlier the year.
Under this new plan, McDonald’s is targeting double-digit sales growth in mainland China each year as it becomes the chain’s biggest market outside the US with outlets popping up in lower-tier cities across the country.
Presumably, this will help McDonald’s to compete with the marketing geniuses over at KFC who have recently unveiled a novelty Chinese smartphone, a robot that knows exactly what you want to order and even salads.
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