Franchise China -
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Last Visited: 7/21/2008
While working on an M.B.A. at the University of Calgary in Canada, Meng Sun took a part-time job behind the counter at a McDonald's."I thought it was a very good place to start as an aspiring entrepreneur," Ms. Sun says.
Then, last year, armed with about three million yuan ($360,000) in savings from previous work as a financial consultant, the Chinese national cashed in her degree and fry time to become the first McDonald's franchisee in China.Now she operates a bustling mall-based restaurant in Tianjin, a city of 10 million people about 70 miles southeast of Beijing.
Ms. Sun, 34 years old, is at the forefront of an emerging race between McDonald's Corp. and Yum Brands Inc., owner of KFC and other fast-food brands, to recruit and train the best of China's new entrepreneurial class.
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They only tried to build large state-owned companies," Ms. Sun says.