Yum China

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Yum China Holdings, Inc.
TypePublic
NYSE: YUMC
SEHK: 9987
Russell 1000 Component (YUMC)
ISINUS98850P1093
IndustryRestaurants
PredecessorYum! Brands Edit this on Wikidata
FoundedNovember 1, 2016 (2016-11-01)
Headquarters
Shanghai
,
China[1]
Number of locations
11,415 (2021 Q3)
Area served
China
Little Sheep: Canada, Japan, Indonesia, United States
Key people
Joey Wat, CEO
RevenueIncrease US$8.415 billion (2018)[2]
Increase US$941 million (2018)[2]
Increase US$708 million (2018)[2]
Total assetsIncrease US$$4.61 billion (2018)[2]
Total equityIncrease US$2.873 billion (2018)[2]
Number of employees
450,000[3] (2018)
DivisionsEast Dawning
Little Sheep

Websitewww.yumchina.com/en
Footnotes / references
[4]
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

Yum China Holdings, Inc. (Chinese: 百胜中国; pinyin: Bǎishèng Zhōngguó) is an American Fortune 500[5] fast-food restaurant company incorporated in the United States with operational headquarters in Shanghai, China.[6][7][8][9] 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.[10][11]

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 1 November 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, twenty-nine in nine US states, mostly in California, seventeen in Japan, nine in Canada and one in Jakarta, Indonesia.[14]

Number of units 2020:

  • 7,166 KFC
  • 2,355 Pizza Hut
  • 985 Little Sheep, East Dawning, Taco Bell, Huang Ji Huang, COFFii & Joy, and Lavazza

Corporate affairs[]

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

References[]

  1. ^ "Yum China Holdings | 2021 Fortune 500".
  2. ^ a b c d e "Yum China 10-K". Retrieved June 18, 2017.
  3. ^ "Yum China Holdings". Fortune. Retrieved December 21, 2018.
  4. ^ http://services.corporate-ir.net/SEC/Document.Service?id=P3VybD1hSFIwY0RvdkwyRndhUzUwWlc1cmQybDZZWEprTG1OdmJTOWtiM2R1Ykc5aFpDNXdhSEEvWVdOMGFXOXVQVkJFUmlacGNHRm5aVDB4TWpjME1EUXdOaVp6ZFdKemFXUTlOVGM9JnR5cGU9MiZmbj1ZdW1DaGluYUhvbGRpbmdzSW5jLnBkZg==
  5. ^ "Yum China on the Fortune 500". Fortune. Retrieved June 18, 2017.
  6. ^ "Contact Us". www.yumchina.com.
  7. ^ "Overview-Yum China". www.yumchina.com.
  8. ^ "Office Tour: Yum China Offices – Shanghai". Office Snapshots. May 15, 2018.
  9. ^ Inc, Yum China Holdings. "New Yum China Building Opens in Shanghai". www.prnewswire.com.
  10. ^ "Fortune 500".
  11. ^ "Overview-Yum China". www.yumchina.com.
  12. ^ "Yum! Brands announced that it intends to separate into two independent, publicly-traded companies." Company news release, 20 October 2015.
  13. ^ "Yum.com – 404". www.yum.com.
  14. ^ "Locations".
  15. ^ "Contact Us". Yum China. Retrieved April 26, 2019. 20 Tianyaoqiao Road, Shanghai 200030, P. R. China - Address in Chinese: "上海市天钥桥路20号百胜中国大厦 邮编：200030 "

External links[]

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