Yum China Holdings, Inc. – history, company profile (overview) and corporate video
Yum China Holdings, Inc. (百胜中国) is a restaurant company headquartered in Shanghai, China.
HISTORY
Yum China’s origins date back to 1987 when the first KFC restaurant was opened in Qianmen, Beijing, China.
In 2016, Yum China was spun off from Yum! Brands, Inc., becoming an independent publicly traded company on the New York Stock Exchange (NYSE).
In 2020, Yum China was secondary-listed on the Hong Kong Stock Exchange (HKEX).
In 2020, Yum China and Lavazza Group formed a joint venture to explore and develop the Lavazza coffee shop concept in China.
In 2022, the Company became dual primary listed on both the Hong Kong Stock Exchange (HKEX) and the New York Stock Exchange (NYSE).
BRANDS
Following the separation from Yum! Brands, Yum China has the exclusive right to operate and sub-license the KFC, Pizza Hut and Taco Bell brands in China, and also owns the East Dawning, Little Sheep, Huang Ji Huang and COFFii & JOY concepts outright. The company also partners with Lavazza to develop the Lavazza coffee shop concept in China.
- KFC (over 8,100 KFC restaurants in over 1,600 cities across China) – the first KFC restaurant in China opened in Beijing in 1987;
- Pizza Hut (over 2,500 Pizza Hut restaurants in over 600 cities) – the first Pizza Hut restaurant in China opened in Beijing in 1990;
- Taco Bell (over 35 restaurants across China) – the first Taco Bell restaurant in China opened in Shanghai in 2016;
- Little Sheep (over 240 China and internationally) – a hot pot restaurant in China, originally established in Inner Mongolia in 1999;
- Huang Ji Huang (over 600 restaurants in China and internationally) – a Chinese-style casual dining franchise restaurant brand, founded in 2004 in Beijing;
- Shaofaner – a retail brand developed by Yum China in 2018, which offers ready meals such as steak, fried rice and pasta;
- Lavazza (over 120 stores) – the first Lavazza flagship store in China opened in Shanghai in 2020.
With more than 450,000 employees and over 11,000 restaurants in over 1,600 cities across China, Yum China Holdings, Inc. is considered one of China’s largest restaurant companies. According to Forbes, it is considered one of the Largest Public Companies in the World.
*Information from Forbes.com, Wikipedia.org, and ir.yumchina.com.
**Video published on YouTube by “Companies History“.