McDonald's Needs A Local Partner To Grow In China

Recently, Yum Brands, the owner of KFC and Pizza Hut entered into a deal with Ant Financial (an Alibaba group company) and Primavera Capital (run by a former Goldman Sachs executive) to sell a part of its China operations for $480 million as a part of its efforts to spin off its China unit. Meanwhile, McDonald’s is looking to revive its operations in China after its reputation took a beating in the region on the back of an expired meat scandal in 2014. The company is looking at the franchising...