On July 3rd, GuoLianHui | Yum China (pre-market trading, YUMC.US) rose 1.84% to $30.99, after previously hitting a new low with a cumulative decline of nearly 15% in the past month. The company recently announced that its coffee brand, Luckin Coffee, under KFC, announced the official opening of its stores located in Hangzhou East Station and Hangzhou Xiaoshan International Airport, bringing the total number of stores to 200. With its innovative 'shoulder-to-shoulder' model, Luckin Coffee has substantially accelerated its store opening this year, achieving a 'Luckin speed' of opening almost one store per day.
美股异动｜百胜中国盘前反弹近2% 肯悦咖啡开店速度加快
US stocks anomaly | Yum China rebounded nearly 2% before trading, and the speed of opening stores for Luckin Coffee accelerated.
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