McDonald's challenges Starbucks' for China coffee crown

Fast food giant to spend $380m to expand to 4,000 McCafes by 2023

McDonald’s currently has about 3,600 restaurants in China, meaning less than half now have McCafes. (Photo courtesy of McDonald's)

YANG GE, Caixin

November 23, 2020 23:23 JST

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.