The Globe and Mail reports in its Wednesday edition that Restaurant Brands International plans to spend up to $45-million on two deals intended to boost its presence in China and spur growth in what the company sees as a promising market. A Canadian Press dispatch to The Globe says that the parent company behind Tim Hortons, Burger King, Popeyes Louisiana Kitchen and Firehouse Subs says the first deal will see it acquire Popeyes China from Tims China, which operates Tim Hortons franchises in the country. RBI values the purchase at $15-million, noting Popeyes China has opened 14 restaurants in Shanghai since initially launching in August, 2023. RBI says it plans to work with local partners and establish a master franchisee model for Popeyes similar to what is in place in other countries. RBI also says it plans to partner with Cartesian Capital to invest up to $50-million in Tims China via three-year convertible notes, of which it will receive up to $30-million. The moves come months after the company announced it would need to increase spending in China to propel further growth, and executives are striking an optimistic tone about the potential for expansion in the country, particularly for Popeyes and Tims.