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Shares of restaurant company Yum China Holdings (NYSE: YUMC) soared 33.2% in September, according to data provided by S&P Global Market Intelligence. It was a welcome development for shareholders ...
It was spun off from Yum! Brands in 2016, becoming an independent, publicly traded company on November 1, 2016. Yum China is a trademark licensee of Yum Brands, paying 3% of total systemwide sales to Yum Brands. It operates 8,484 restaurants in over 1,100 cities located in every province and autonomous region in Mainland China. It has a ...
This was followed by internet search giant Baidu (NASDAQ: BIDU), which gained 3.9%, and Pizza Hut and KFC operator Yum China Holdings (NYSE: YUMC) bringing up the rear with a gain of 3.6%.
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