Yum China
Yum China Holdings, Inc. is an American-Chinese Fortune 500 fast-food restaurant company based in Shanghai, China. 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. Since the stock is listed on the New York Stock Exchange, the company has an office in Plano, Texas, for SEC filings.
History
Initial foray into 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; it took effect on November 1, 2016.Brands
Yum China has several subsidiary brands, including KFC, Taco Bell, Pizza Hut, COFFii & JOY, Huang Ji Huang, East Dawning and Little Sheep. Little Sheep has around 200 restaurants in China, thirty in eleven US states, mostly in California, seventeen in Japan, nine in Canada and one in Jakarta, Indonesia.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