Panda Express Branches Into Pizza, Salads

  • Billionaire owners taking stakes in smaller restaurant chains
  • Company is also testing delivery service in major cities

Panda Express

Photographer: Susana Gonzalez/Bloomberg

Panda Express, which built the largest Chinese-restaurant empire in the U.S. over the past three decades, is hedging its bet on Kung Pao chicken by buying stakes in companies that sell everything from pizza and salads to cheesecake.

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