McDonald's China changes name to Jin Gong Men Co, plans to double stores

By BizClik Admin

McDonald’s China has changed its official name to Jin Gong Men Co, which roughly translates to Golden Arches.

The official English version of the name according to Reuters is “Golden Arches (China) Co Ltd.” This has changed from a transliteration of the brand name.

The move comes after CITC Capital (China International Trust Investment Corporation) and Carlyle Group took over the 20-year Chinese franchise for McDonalds back in 2016 for $2.08bn.

Currently, CITC holds 52% of shares while Carlyle holds 28%.

See also: 

China airlines offers first non-stop flight to Taiwan 

China's box office to hit $8.31bn

Latest edition of Business Review Asia - out today! 

The company has cited business development reasons for the change, saying that daily operations such as food safety and operational processed will be unchanged, as will the name and branding of the actual stores.

Records show the name changed on 12th October, and that Jin Gong Men Management CO joined as a new investor on August 24th, while McDonald’s China dropped out.

The business has said it plans to almost double the number of stores it has in mainland China top a target of 4,500 by 2022.

Regina Hui, a spokesperson, old Reuters: “Our restaurant name will remain the same – the change is only at business level.”



Featured Articles

Nirvik Singh, COO Grey Group on adding colour to campaigns

Nirvik Singh, Global COO and President International of Grey Group, cultivating culture and utilising AI to enhance rather than replace human creativity

How Longi became the world’s leading solar tech manufacturer

On a mission to accelerate the adoption of sustainable energy solutions, US$30 billion Chinese tech firm Longi is not just selling solar – but using it

How Samsung’s US$5billion sustainability plan is working out

Armed with an ambitious billion-dollar strategy, Samsung is on track to achieve net zero carbon emissions company-wide by 2050 – but challenges persist

UOB: making strides in sustainability across Southeast Asia


Huawei smartwatch goes for gold with Ultimate Edition


How IKEA India plans to double business, triple headcount

Corporate Finance