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Yum China

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(Redirected fromYum China Holdings)
Multinational fast food company

Yum China Holdings, Inc.
Company typePublic
NYSEYUMC
SEHK9987
ISINUS98850P1093
IndustryRestaurant
PredecessorYum! Brands Edit this on Wikidata
FoundedNovember 1, 2016; 9 years ago (2016-11-01)
Headquarters,
China
Number of locations
12117 (2021 Q3)
Area served
China
Little Sheep: Canada, Japan, Indonesia, United States
Key people
Joey Wat (CEO)
RevenueIncreaseUS$8.415 billion (2018)[1]
IncreaseUS$941 million (2018)[1]
IncreaseUS$708 million (2018)[1]
Total assetsIncreaseUS$$4.61 billion (2018)[1]
Total equityIncreaseUS$2.873 billion (2018)[1]
Number of employees
450,000[2] (2018)
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
Transcriptions
Standard Mandarin
Hanyu PinyinBǎishèng Zhōngguó Kònggǔ Yǒuxiàngōngsī

Yum China Holdings, Inc. (Chinese:百胜中国;pinyin:Bǎishèng Zhōngguó) is an[3] American-ChineseFortune 500[4]fast-food restaurant company based inShanghai, 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 fromYum! 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 inmainland 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 inPlano, Texas, forSEC filings.[11]

History

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Initial foray into China

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Main article:KFC in China

Spinoff

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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

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China's first KFC restaurant atQianmen, Beijing

Yum China has several subsidiary brands, includingKFC,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) andLittle Sheep.Little Sheep has around 200 restaurants in China, thirty in eleven US states (most of which have been rebranded to Happy Lamb), mostly inCalifornia, seventeen inJapan, nine inCanada and one inJakarta,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

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

References

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  1. ^abcde"Yum China 10-K".Archived from the original on September 3, 2017. RetrievedJune 18, 2017.
  2. ^"Yum China Holdings".Fortune.Archived from the original on December 22, 2018. RetrievedDecember 21, 2018.
  3. ^"Yum China Holdings".
  4. ^"Yum China on the Fortune 500".Fortune.Archived from the original on December 24, 2018. RetrievedJune 18, 2017.
  5. ^"Contact Us".www.yumchina.com.Archived from the original on January 7, 2019. RetrievedJanuary 1, 2019.
  6. ^"Overview-Yum China".www.yumchina.com.Archived from the original on January 27, 2019. RetrievedOctober 6, 2017.
  7. ^"Office Tour: Yum China Offices – Shanghai".Office Snapshots. May 15, 2018.Archived from the original on January 1, 2019. RetrievedJanuary 1, 2019.
  8. ^"New Yum China Building Opens in Shanghai".www.prnewswire.com. Yum China Holdings Inc.Archived from the original on January 1, 2019. RetrievedJanuary 1, 2019.
  9. ^"Fortune 500".Archived from the original on October 20, 2017. RetrievedJune 18, 2017.
  10. ^"Overview-Yum China".www.yumchina.com.Archived from the original on January 27, 2019. RetrievedOctober 6, 2017.
  11. ^Stream, Dividend (April 11, 2017)."Yum China Holdings: One of the Few Good Emerging Market Plays (NYSE:YUMC) | Seeking Alpha".Seeking Alpha.Archived from the original on July 14, 2022. RetrievedJuly 14, 2022.
  12. ^"Yum! Brands announced that it intends to separate into two independent, publicly-traded companies."Archived February 5, 2017, at theWayback Machine Company news release, 20 October 2015.
  13. ^"Yum.com – 404".www.yum.com.Archived from the original on May 6, 2019. RetrievedMay 6, 2019.
  14. ^"Locations". Archived from the original on February 7, 2018. RetrievedFebruary 6, 2018.
  15. ^"Contact Us". Yum China.Archived from the original on January 7, 2019. RetrievedApril 26, 2019.20 Tianyaoqiao Road, Shanghai 200030, P. R. China -Address in ChineseArchived April 26, 2019, at theWayback Machine: "上海市天钥桥路20号百胜中国大厦 邮编:200030 "

External links

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