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Dada Group highlighted the current shopping preferences in China, which range from mango-flavored chocolate to sauerkraut-flavored potato chips.

Yum Brands Inc. said late Tuesday it has agreed to buy a 20% interest in Little Sheep Group Ltd., a popular restaurant chain with locations mostly in China and Hong Kong, for $63 million. Yum Brands Inc, which operates KFC, Pizza Hut, Taco Bell and oth...