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Food & Beverage

Yum China exceeds pre-pandemic profit as food deliveries surge

KFC and Pizza Hut operator balances digitalization investment and rising costs

HONG KONG -- China's economy has largely recovered from the pandemic-led turmoil just a year ago, and with it the restaurant business as underscored by Yum China Holdings' strong first quarter results on Wednesday.

But its earnings reflect a new reality as COVID-19 subsides in the world's biggest economy: China's largest fast-food chain growth has been driven mainly by delivery services.

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