Updated Nov. 20, 2023 12:39 pm ET
The latest Market Talks covering Financial Services. Exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET.
1142 ET – The business environment in China has been challenging for many Western companies, but many US restaurant chains still are intent on growing there. McDonald’s says that it is raising its stake in McDonald’s China to 48% from 20% by buying investment-firm Carlyle’s 28% stake. The burger giant said China is now its second largest-market, with its restaurants doubling to more than 5,500 since 2017. Starbucks, Yum Brands, Restaurant Brands International are also continuing to grow in China. (email@example.com; @heatherhaddon)
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