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Global brands in China seek local partners amid market squeeze
Summary by South China Morning Post
1 Articles
1 Articles
Global brands in China seek local partners amid market squeeze
Pizza Hut, the largest casual dining operator in China, has become the latest Western chain to change hands in the country, as global brands count on local companies to bolster sales in an increasingly competitive market. Yum China will pay US$1.2 billion to buy the China business from US-based Yum! Brands, according to a statement on Tuesday. The Shanghai-based company already operates the pizza chain in China, along with KFC, Taco Bell and hot…
·Hong Kong
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Total News Sources1
Leaning Left0Leaning Right0Center1Last UpdatedBias Distribution100% Center
Bias Distribution
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100% Center
C 100%
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