McDonald’s, a global foodservice retailer, agreed to acquire an additional 28% stake in McDonald’s China from Carlyle, a global investment firm. Financial terms were not disclosed. “Our strategic partnership with CITIC and Carlyle has been extremely successful in growing McDonald’s presence in the region since it began. China is now our second largest market; we've doubled our restaurants to more than 5.5k since 2017. We believe there is no better time to simplify our structure, given the tremendous opportunity to capture increased demand and further benefit from our fastest growing market’s long-term potential,” Chris Kempczinski, McDonald’s President and CEO.