Citic Ltd and Citic Capital will have a stake of 52 percent, while Carlyle and McDonald's will own 28 percent and 20 percent, respectively in the businesses.

Reuters reported in December that McDonald's was looking to raise $1 billion to $2 billion with the sale of its China and Hong Kong stores.

(Reporting By Rushil Dutta in Bengaluru; Editing by Gopakumar Warrier)

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The company’s Co-Vice Chairman Choi Gee-sung and President Chang Choong-ki were asked to come in for questioning, Hong Jung-seok, a spokesperson for the special prosecutors office, told Bloomberg News via text message on Sunday. Choi and Chang are expected by 10 a.m. on Monday and they will come in as testifiers, meaning they have not been accused of wrongdoing. This status may change, Hong said.

Lee, de-facto head of Samsung Group, and a co-vice chair of Samsung Electronics, the world’s largest maker of mobile devices. Lawmakers fired questions to Lee on whether the country’s biggest conglomerate received political favors in return for donations to foundations controlled by Choi Soon-sil, the president’s friend at the center of the scandal. Lee had denied allegations during the hearing.

A Samsung Group spokeswoman declined to comment when contacted by the Bloomberg News.

In preliminary results posted last Friday, operating income rose to 9.2 trillion won ($7.8 billion) in the quarter ended Dec. 31, its biggest profit in three years, the Suwon, South Korea-based company said.

The country's top banking regulator has approved the establishment of Baixin Bank, which has joint investment from China CITIC Bank and Baidu to offer direct banking services.

This is the first time for an independent legal entity in China to run a direct banking business. Direct banks are those without any branch networks, offering services remotely via online and telephone banking.

China CITIC Bank, one of the country's largest lenders by assets, will hold a controlling stake in the new bank, which will combine cloud computing, artificial intelligence, mobile Internet and other leading technologies to offer financial services.

China started piloting private banks in 2014, and Baidu's counterparts Alibaba and Tencent have already successfully gained private banking licenses by forming similar alliances with partners.

Robin Li, Baidu's board chairman and CEO, expects the new team will make full use of Baidu's leading technology, huge data and expertise in online operations.

Editor: ying

The launch marks the first new smartphone carrying the iconic handset name since 2014 when Nokia Oyj (NOKIA.HE) chose to sell its entire handset unit to Microsoft (MSFT.O).

The new device, Nokia 6, runs on Google's (GOOGL.O) Android platform and is manufactured by Foxconn (2354.TW). It will be sold exclusively in China through online retailer JD.com (JD.O), HMD said.

"The decision by HMD to launch its first Android smartphone into China is a reflection of the desire to meet the real world needs of consumers in different markets around the world... it is a strategically important market," HMD said in a statement.

Nokia was once the world's dominant cellphone maker but missed the shift to smartphones, and then chose Microsoft's Windows operating system for its "Lumia" range.

After the 2014 deal, Microsoft continued selling cheaper basic phones under Nokia's name and Lumia smartphones under its own name, but last year, it largely abandoned both businesses.

HMD in December took over the Nokia feature phones business and struck a licensing deal that gave it sole use of the Nokia brand on all phones and tablets for the next decade.

It will pay Nokia royalties for the brand and patents, but Nokia has no direct investment in HMD. Nokia Oyj is currently focused on telecom network equipment business and technology patents.

HMD CEO Arto Nummela, who was once responsible for Nokia's sales and product development, told Reuters last month that HMD aims to be one of the key competitive players in the smartphone business where it faces tough competition from Apple (AAPL.O), Samsung (005930.KS) and dozens of other players.

HMD launched some new Nokia basic phones last month. It said on Sunday it was looking to launch more new products in the first half of the year.

(Reporting by Jussi Rosendahl and Eric Auchard)

Faiz Mohammad Amiri, governor of Taleh va Barfak district, said the eight dead and three other wounded, who all came from Daykundi province in central Afghanistan, had been pulled out of a vehicle and shot on Friday.

He blamed the Taliban, which controls the district where the incident occurred but the insurgent movement denied any involvement.

"The people working in this mine had our permission and we had good relations," Taliban spokesman Zabihullah Mujahid said. "They hadn't created any problems."

He blamed "arbakis" or members of informal local militias, in the area for the killings.

Hazaras are a Persian-speaking, largely Shia minority, who have faced a long history of discrimination and violence in mainly Sunni Afghanistan.

Last year, scores of Hazara were killed in a series of attacks in Kabul, some claimed by Islamic State in an apparent attempt to stir sectarian tensions.

The incident underlines the dire security situation in the country, where government forces now control only two-thirds of national territory and violence is a daily occurrence.