China's Small Towns Boom as Megacities Lose Appeal With Brands [BNN Bloomberg (Canada)]
Yum China Holdings, Inc. (YUMC)
Last yum china holdings, inc. earnings: 4/28 04:30 pm
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Source: BNN Bloomberg
Tired of struggling to eke out a living in the nation's overpriced capital, the 25-year-old is now earning more money running his own boutique cafe that serves up drip coffee made with high-grade Geisha beans for 60 yuan ($8.30) a cup. “I'm close to my family and there's a hot meal for me when I get home,” Zhao said after making the move back to Dandong last June. “And most importantly, I have my own business.” He is part of a growing reverse migration of workers to remote regions amid an economic downturn in China's megacities, which has led to layoffs and fierce competition for remaining positions. This resettling is transforming so-called “lower-tier cities” as Western fast food outlets, bubble tea chains and electric vehicle dealers sprout up along main streets to cater to the returnees and locals with more income at their disposal. While college graduates and professionals are still aiming for high-paying jobs in big cities, data captured by Shanghai-based consultancy Metr
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YUMC
News
- Yum! Brands, Inc. (NYSE:YUM) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Yum China Holdings, Inc. Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year [Yahoo! Finance]Yahoo! Finance
- China travel surges for May holiday but consumers remain wary [Reuters]Reuters
- Yum China Holdings, Inc. (NYSE:YUMC) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Yum! Brands (YUM) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
YUMC
Earnings
- 4/29/24 - Beat
YUMC
Sec Filings
- 4/29/24 - Form 8-K
- 4/11/24 - Form ARS
- 4/11/24 - Form DEFA14A
- YUMC's page on the SEC website