Yum China

Yum China Holdings, Inc. (Chinese: 百胜中国; pinyin: Bǎishèng Zhōngguó) is a Chinese Fortune 500[3] fast-food restaurant company based in Shanghai, China.[4][5][6][7] 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.[8][9] Since the stock is listed on the New York Stock Exchange, the company has an office in Plano, Texas for SEC filings.[10]

Yum China Holdings, Inc.
TypePublic
NYSE: YUMC
SEHK: 9987
ISINUS98850P1093
IndustryRestaurants
PredecessorYum! Brands Edit this on Wikidata
FoundedNovember 1, 2016 (2016-11-01)
Headquarters
Shanghai
,
China
Number of locations
12,947 (2022)[1]
Area served
China
Little Sheep: Canada, Japan, Indonesia, United States
Key people
Joey Wat, CEO
RevenueDecrease US$9.569 billion (2022)[2]
Decrease US$629 million (2022)[2]
Decrease US$442 million (2022)[2]
Total assetsDecrease US$11.826 billion (2022)[2]
Total equityDecrease US$7.148 billion (2022)[2]
Number of employees
406,000[1] (2022)
DivisionsEast Dawning
Little Sheep
Huang Ji Huang
COFFii & JOY
Lavazza
Shaofaner
Websitewww.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

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;[11] it took effect 1 November 2016.[12]

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, twenty-nine in nine US states, mostly in California, seventeen in Japan, nine in Canada and one in Jakarta, Indonesia.[13]

Number of units 2022:

  • 8,441 KFC
  • 2,679 Pizza Hut
  • 997 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 Dàshà) in Xuhui District.[14]

References
  1. "2022 Annual Report". Yum China. Yum China. Retrieved October 12, 2023.
  2. "Yum China 10-K". March 1, 2023. Retrieved October 12, 2023.
  3. "Yum China on the Fortune 500". Fortune. Archived from the original on December 24, 2018. Retrieved June 18, 2017.
  4. "Contact Us". www.yumchina.com. Archived from the original on January 7, 2019. Retrieved January 1, 2019.
  5. "Overview-Yum China". www.yumchina.com. Archived from the original on January 27, 2019. Retrieved October 6, 2017.
  6. "Office Tour: Yum China Offices – Shanghai". Office Snapshots. May 15, 2018. Archived from the original on January 1, 2019. Retrieved January 1, 2019.
  7. "New Yum China Building Opens in Shanghai". www.prnewswire.com. Yum China Holdings Inc. Archived from the original on January 1, 2019. Retrieved January 1, 2019.
  8. "Fortune 500". Archived from the original on October 20, 2017. Retrieved June 18, 2017.
  9. "Overview-Yum China". www.yumchina.com. Archived from the original on January 27, 2019. Retrieved October 6, 2017.
  10. "Yum China Holdings: One of the Few Good Emerging Market Plays (NYSE:YUMC) | Seeking Alpha". April 11, 2017. Archived from the original on July 14, 2022. Retrieved July 14, 2022.
  11. "Yum! Brands announced that it intends to separate into two independent, publicly-traded companies." Archived February 5, 2017, at the Wayback Machine Company news release, 20 October 2015.
  12. "Yum.com – 404". www.yum.com. Archived from the original on May 6, 2019. Retrieved May 6, 2019.
  13. "Locations". Archived from the original on February 7, 2018. Retrieved February 6, 2018.
  14. "Contact Us". Yum China. Archived from the original on January 7, 2019. Retrieved April 26, 2019. 20 Tianyaoqiao Road, Shanghai 200030, P. R. China - Address in Chinese Archived April 26, 2019, at the Wayback Machine: "上海市天钥桥路20号百胜中国大厦 邮编：200030 "
  • Official website
  • Business data for Yum China:
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