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Yum China

Yum China Holdings, Inc. 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]

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;[12] it took effect on November 1, 2016.[13]

Brands

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 in Xuhui District.[15]

External links

References

  1. Yum China 10-K retrieved 18 June 2017^
  2. Yum China Holdings Fortune, retrieved 2018-12-21^
  3. Yum China Holdings^
  4. Yum China on the Fortune 500 Fortune, retrieved 18 June 2017^
  5. Contact Us www.yumchina.com, retrieved January 1, 2019^
  6. Overview-Yum China www.yumchina.com, retrieved October 6, 2017^
  7. Office Tour: Yum China Offices – Shanghai Office Snapshots, 15 May 2018, retrieved January 1, 2019^
  8. New Yum China Building Opens in Shanghai www.prnewswire.com, Yum China Holdings Inc, retrieved January 1, 2019^
  9. Fortune 500 retrieved June 18, 2017^
  10. Overview-Yum China www.yumchina.com, retrieved October 6, 2017^
  11. Dividend Stream. Yum China Holdings: One of the Few Good Emerging Market Plays (NYSE:YUMC) | Seeking Alpha Seeking Alpha, April 11, 2017, retrieved July 14, 2022^
  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, retrieved May 6, 2019^
  14. Locations retrieved February 6, 2018^
  15. - Address in Chinese : "上海市天钥桥路20号百胜中国大厦 邮编：200030 " Contact Us Yum China, retrieved 2019-04-26^