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Burger King enters the Chinese market
28/6/2005 17:00

Wendy Zhang/ Shanghai Daily news

The Burger King Corporation, the world's second-largest fast food restaurant chain, opens an outlet in Shanghai today, the first of its kind on the Chinese mainland, eastday.com reported.
The store, located at the business hub of Jing'an District, will compete with the other two fast-food giants KFC and McDonald's.
"We have been preparing for a year before entering the Chinese market, such as making surveys of the market, culture and consumers' habits," said Greg Brenneman, Board Director and CEO of Burger King Corporation.
They will adopt a direct-sales model to open ten outlets in Shanghai within a year, he said, adding that 50 percent of the products on offer are designed specifically for Chinese consumers.
"If we can achieve profitability in Shanghai, we will tap the East China market through franchising, but for now our initial aim is to gain consumer acceptance as quickly as possible," he stressed.
To date, 90 percent of Burger King's 11,000 restaurant outlets in 65 countries and regions are franchises. It boasted a global business revenue of US$11.3 billion last year.