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Yum China Holdings, Inc. is a China-based restaurant company and the exclusive licensee of Yum! Brands for the Chinese market. The company operates and franchises a portfolio of fast-food and casual dining brands, including KFC, Pizza Hut, Taco Bell, and several local concepts. The company is headquartered in Shanghai, China, and its shares are listed on the New York Stock Exchange (NYSE) and the Hong Kong Stock Exchange (HKEX).