Restaurant Brands International to form joint venture for Burger King China to accelerate expansion

1. Restaurant Brands forms a joint venture with CPE to operate Burger King in China. 2. CPE will invest $350 million, planning to double Burger King's locations by 2035. 3. Restaurant Brands holds a minority stake of 17% in the joint venture. 4. Recent economic slowdown in China is causing strategic shifts for U.S. companies. 5. Starbucks announced a similar joint venture with local asset management.