Yum China Opens R&D Center To Expand Digital Strategy - Yum China Holdings (NYSE:YUMC)

Yum China Holdings Inc YUMC has opened its Digital R&D Center with three sites in Shanghai, Nanjing, and Xi'an.
The R&D center is in line with the company's strategy to build a digital ecosystem comprised of the Digital R&D Center, joint venturing, and third-party collaboration.
The company expects the R&D center to provide a foundation to develop its brands and businesses further, accelerate expansion, and capture market opportunities.
The center will bolster Yum China's digital capabilities across various functions including, store operations, smart delivery, and supply chain management.
Yum China has earmarked $1 billion -$1.5 billion of investment in digital and technology over the next five years.
As part of this initiative, the company plans to invest approximately $100 million - $200 million and employ up to 500 staff in the Digital R&D Center.
Price Action: YUMC shares are trading lower by 1.34% at $60.24 on the last check Wednesday.