A "Chinese McDonald's" concept turned an obscure boss into an investment target locked by Hong Kong tycoon Li Ka-shing and the Netherlands Baring Fund. Soon after, Jollibee Foods Corp., the largest fast food chain group in the Philippines, acquired 85% of the shares of Yonghe King for US$22.5 million under the name of its overseas subsidiary. These several capital operations suddenly pushed Lin Youao, the founder of Yonghe King, onto the stage of big capital in China. On December 12, 1995, when the first store of Yonghe King opened in Shanghai, the total investment was only US$50,000. Now, Yonghe King has 85 stores nationwide, and its annual operating income has reached more than 3 billion yuan RMB.