Home  Contact Us
  Follow Us On:
Advertising Advertising Free Newsletter Free E-Newsletter

McDonald's to invest heavily in Chinese coffee market
Published on: 2020-11-18
Share to
User Rating: / 0

mccafeMcDonald's coffee brand McCafe has announced a plan in Shanghai to invest 2.5 billion yuan (about 381.6 million U.S. dollars) in its coffee market in China in the next three years.

The investment will go into opening new coffee shops inside McDonald's restaurants, upgrading equipment and providing professional training to cope with the country's growing demand for coffee, said Phyllis Cheung, CEO of McDonald's China.

McCafe aims to cover all McDonald's restaurants in Beijing, Shanghai, Guangzhou and Shenzhen by the end of the year, before expanding its business in seven other cities, including Nanjing, Hangzhou and Xiamen.

By 2023, the company expects to run more than 4,000 McCafe outlets on the Chinese mainland.

McDonald's entered the Chinese mainland market in 1990 and is currently operating more than 3,600 restaurants across the country. China is now McDonald's second-largest market in the world.



Comments (0)Add Comment

Write comment

security code
Write the displayed characters

    Subscription    |     Advertising    |     Contact Us    |
Address: Magnetic Plaza, Building A4, 6th Floor, Binshui Xi Dao.
Nankai District. 300381 TIANJIN. PR CHINA
Tel: +86 22 23917700
E-mail: webmaster@businesstianjin.com
Copyright 2020 BusinessTianjin.com. All rights reserved.