Recently, Yum China released its 2020 annual report. Its revenue was 53.3 billion RMB (US$8.26 billion) last year with a total number of 10,506 stores. The Chinese fast-food chains are still hovering around 1,000 stores, while western fast-food giant Yum China is already moving toward its goal of 20,000 stores. Yum China’s ambition is to open additional 10,000 new stores in the coming years.
The Chinese restaurant industry was hit hard by the COVID-19 . . .
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