Fast food giant McDonald's will spend 2.5 billion yuan ($381 million) over the next three years on a major expansion of its store-in-store McCafes in China, challenging rivals like Starbucks and KFC in a race to cater to a growing Chinese middle class with a taste for premium drinks.
Under the plan, McDonald's is aiming to have 4,000 McCafe's on the Chinese mainland by the end of 2023, according to an announcement earlier this week.
