McDonald’s wants to boost its presence in China from 6,000 to 10,000 stores by 2028, but faces competition from another global fast food chain with a broader footprint.
Given the significant differences between the US and Chinese markets, is PDD Holdings risking a pyrrhic victory by emulating Pinduoduo’s strategy with Temu?
At first glance, it might seem like a mere publicity stunt, yet the initiative has done a decent job highlighting the intricacies of recycling. Here’s the big picture.