With a population of over 1.3 billion, succeeding in China is every major brand’s ideal. McDonald’s and Yum! Brands are both chasing the Chinese market with renewed vigor, each using massive brand expansion and acquisitions in an attempt to outpace the competition.
At the moment, McDonald’s is trailing Yum! Brands in the Chinese market, with 1,300 McDonald’s locations compared to nearly 4,000 Yum! Brands locations spread across its major brand names like KFC and Pizza Hut. But things are about to get interesting. McDonald’s has just unveiled an intimidating new business strategy, which focuses on the opening of 700 new locations throughout China by 2013. McDonald’s plans also include hiring 50,000 new employees to help realize this endeavor, with 1,000 college graduates to train for management positions. According to Investor Guide, this is the most aggressive move McDonald’s has made in China in two decades.
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Compared to other companies, McDonald’s and Yum! Brands have both been extremely successful throughout Asia by the power of their willingness to adapt their menus to foreign tastes and cuisines. No matter what happens in China over the next couple of years, the competition between these two titans should be interesting to watch.
At the moment, McDonald’s is trailing Yum! Brands in the Chinese market, with 1,300 McDonald’s locations compared to nearly 4,000 Yum! Brands locations spread across its major brand names like KFC and Pizza Hut. But things are about to get interesting. McDonald’s has just unveiled an intimidating new business strategy, which focuses on the opening of 700 new locations throughout China by 2013. McDonald’s plans also include hiring 50,000 new employees to help realize this endeavor, with 1,000 college graduates to train for management positions. According to Investor Guide, this is the most aggressive move McDonald’s has made in China in two decades.
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Compared to other companies, McDonald’s and Yum! Brands have both been extremely successful throughout Asia by the power of their willingness to adapt their menus to foreign tastes and cuisines. No matter what happens in China over the next couple of years, the competition between these two titans should be interesting to watch.
