Yum China applies for Hong Kong debut amid U.S.-China tensions

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The owner of KFC, Taco Bell and Pizza Hut restaurants in China expects the New York Stock Exchange to continue to be its primary listing, it said in a filing https://

The company could raise about $2 billion in its Hong Kong listing, Bloomberg reported in June.

Its market capitalization stood at nearly $21 billion, according to Refinitiv data based on its last closing share price on Thursday.

The Nasdaq-listed Chinese e-commerce retailer JD.com (O:JD) had in June raised $3.87 billion in its Hong Kong secondary listing (HK:9618), the city’s biggest so far this year.