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In a deal that could fetch up to $3bn, McDonald’s China is set to be purchased by Citic Group Corp, the Chinese conglomerate, coupled with a US-based private equity group Carlyle. The announcement follows a mixed 2016 for the China franchise of the world’s largest fast-food chain, after struggling to attract investors when it announced it was offloading its Chinese locations in the first half of last year. The deal will see… Read More
Chinese Olympians managed to scoop a total of 26 gold medals at the Rio Olympic Games. Although the country’s medal haul was not enough to match its astonishing tally in Beijing in 2008, China finished a commendable third place behind the US and the UK in the medal table. While being usurped by teams USA and GB may have been disappointing for China, when it comes to M&A the country has its… Read More