News Snapshot:
By Sophie Yu and Brenda Goh SHANGHAI (Reuters) – KFC operator Yum China Holdings (NYSE:) is focusing its store expansion efforts in China on smaller cities, as demand there has recovered from the pandemic much quicker than that in the country’s major centres, its chief executive said on Thursday. China’s biggest fast-food operator, Yum China Holdings (NYSE:), is responsible for the KFC and Taco Bell restaurants in China. It has more than 11,000 outlets. On Thursday it announced to investors that it would accelerate its expansion of the store network in order to achieve a milestone of 20,000 outlets across...
