ByteDance and McDonald’s are thriving in post Covid-19 China by riding e-commerce boom, says private-equity backer Carlyle

Source: South China Morning PostCarlyle Group’s Nina Gong sat through five-hour conference calls in January last year with panicking chief executives (CEOs) as the first coronavirus lockdowns decimated sales figures globally. Fast-forward to the present – and the world’s second-largest private-equity firm is reaping profits as China’s economy rebounds from the impact of the pandemic.Carlyle’s stake in Chinese short-video and e-commerce giant ByteDance is soaring in value; McDonald’s China franchise plans 500 new store…Read More

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