Yum China

Yum China Holdings, Inc. (Chinese: 百胜中国; pinyin: Bǎishèng Zhōngguó) is an ^[3] American-Chinese Fortune 500^[4] fast-food restaurant company based in Shanghai, China.^[5][6][7][8] With US$9.5 billion in revenue and 10,600 restaurants worldwide it is one of the largest restaurant companies. It was spun off from Yum! Brands in 2016, becoming an independent, publicly traded company on November 1, 2016. Yum China is a trademark licensee of Yum Brands, paying 3% of total systemwide sales to Yum Brands. It operates 8,484 restaurants in over 1,100 cities located in every province and autonomous region in mainland China. It has a workforce of 450,000 employees.^[9][10] Since the stock is listed on the New York Stock Exchange, the company has an office in Plano, Texas, for SEC filings.^[11]

Yum China Holdings, Inc.

Company type	Public
Traded as	NYSE: YUMC SEHK: 9987
ISIN	US98850P1093
Industry	Restaurant
Predecessor	Yum! Brands
Founded	November 1, 2016; 8 years ago (2016-11-01)
Headquarters	Shanghai , China
Number of locations	12117 (2021 Q3)
Area served	China Little Sheep: Canada, Japan, Indonesia, United States
Key people	Joey Wat (CEO)
Revenue	US$8.415 billion (2018)[1]
Operating income	US$941 million (2018)[1]
Net income	US$708 million (2018)[1]
Total assets	US$$4.61 billion (2018)[1]
Total equity	US$2.873 billion (2018)[1]
Number of employees	450,000[2] (2018)
Divisions	East Dawning Little Sheep Huang Ji Huang COFFii & JOY Lavazza Shaofaner
Website	www.yumchina.com/en

Yum China
Traditional Chinese	百勝中國控股有限公司
Simplified Chinese	百胜中国控股有限公司
Transcriptions Standard Mandarin Hanyu Pinyin Bǎishèng Zhōngguó Kònggǔ Yǒuxiàngōngsī

History

Initial foray into China

Main article: KFC in China

Spinoff

On October 25, 2015, Yum! Brands announced that it intended to separate into two independent, publicly traded companies by spinning off Yum China;^[12] it took effect on November 1, 2016.^[13]

Brands

China's first KFC restaurant at Qianmen, Beijing

Yum China has several subsidiary brands, including KFC, Taco Bell, Pizza Hut, COFFii & JOY (a coffee bar launched in 2018), Huang Ji Huang (a casual dining franchise), East Dawning (a Jiangnan cuisine fast food franchise) and Little Sheep. Little Sheep has around 200 restaurants in China, thirty in eleven US states (most of which have been rebranded to Happy Lamb), mostly in California, seventeen in Japan, nine in Canada and one in Jakarta, Indonesia.^[14]

Number of units as of 2024:

• 11,648 KFCs
• 3,724 Pizza Huts
• 1023 Little Sheep, East Dawning, Taco Bell, Huang Ji Huang, COFFii & Joy, Lavazza, and Shaofaner.

Corporate affairs

The headquarters is in the Yum China Building (Chinese: 百胜中国大厦; pinyin: Bǎishèng Zhōngguó Dàxià) in Xuhui District.^[15]