Ruling the Roost in China

Los Angeles Times ^ | Sept. 10, 2001 | EVELYN IRITANI

[ASaneGuy]

Since becoming the first foreign fast-food chain allowed to enter China in 1989, Dallas-based Tricon Global Restaurants Inc., KFC's parent company, has built 490 stores in 120 cities, nearly all company-owned, and is still expanding. Just to meet its goals for the 100-plus stores on the drawing boards, Tricon will have to finish a store every three days.

[ASaneGuy]

Go here for full article.

[Demosthenes]

how exactly can they do that? I thought the ChineseCommie gov't won't let a foreign business in unless the gov't owns 51%?

[mardler]

Depends upon the industry and the location. By the way, KFC actually does taste better there, at least in the places I've tried over the years in Shanghai.