Wealth funds eye McDonald’s China investment

China is McDonald’s’ second-biggest market, with more than 5,500 restaurants and plans to expand to over 10,000 by 2028. — Bloomberg

BEIJING: Middle Eastern and Chinese sovereign wealth funds are considering investing in China McDonald’s business, according to people familiar with the matter.

Firms including Mubadala Investment Co, Qatar Investment Authority and China Investment Corp are in talks to jointly invest in the fast-food chain’s China operations as minority shareholders, the people said, asking not to be identified discussing confidential information.