BEIJING — McDonald’s is pairing with a Chinese partner in an alliance to build drive-through restaurants. They’re hoping to profit from soaring Chinese car ownership.
Under the agreement, McDonald’s and partner Sinopec will turn an unspecified number of about 30,000 gasoline stations into drive-throughs.
The companies declined to estimate the value of the deal. McDonald’s chief executive for China said there’s no numerical target for outlets to be built.
The alliance is aimed at capitalizing on the popularity of Western fast-food and a new car culture in China.
McDonald’s already has 760 restaurants in China.
Frank Wilson is a retired teacher with over 30 years of combined experience in the education, small business technology, and real estate business. He now blogs as a hobby and spends most days tinkering with old computers. Wilson is passionate about tech, enjoys fishing, and loves drinking beer.