McDonald's First Bid in China Confirmed by Franchises
June 23 , 2016
The first bid for China and Hong Kong's McDonald's restaurants has been confirmed by the franchises. With existing more than 2,220 McDonald's in China, there are plans to come up with 1,250 more. As per the media reports, the US fast food giant has received over half a dozen bids, which could result to the raise of at least $3bn.