A Slice of Snails? Sluggish Demand Mires Pizza Hut, KFC in China

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China’s once voracious appetite for American fast food is waning as consumers are lured away by emerging domestic chains and food-delivery apps.

Two years after owner Yum Brands Inc. spun off its China business, sales growth is slowing at its KFC and Pizza Hut outlets in China, as homegrown rivals target young people and an army of motorcycle couriers make available greater takeout choices.

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