McDonald’s coffee brand, McCafe, announced a plan in Shanghai to invest 2.5 billion yuan (US $ 381.6 million) in the Chinese coffee market in the next three years, reports “Xinhua” agency.
The investment will be dedicated to open new coffee shops inside the McDonald’s restaurants, upgrade equipment and provide professional training to meet the growing demand for coffee in the country, said Phyllis Cheung, CEO of McDonald’s China.
The McCafe sights cover all McDonald’s restaurants in Beijing, Shanghai, Guangzhou and Shenzhen by the end of the year, before expanding its business in seven other cities including Nanjing, Hangzhou and Xiamen.
For the year 2023, the company expects to drive more than 4000 McCafe stores in mainland China.
McDonald’s entered the market of the Chinese mainland in 1990 and currently operates more than 3,600 restaurants in the country. China is now the second largest McDonald’s in the world market.
This text was translated by machine from Brazilian Portuguese.