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Tan Jou Teng

Leading Yum China, China’s largest restaurant company with over 10,000 restaurants, Joey Wat is known as one of only 37 female CEOs listed on the Fortune 500 with an estimated net worth of US$15.2 million.
Despite having the weakest stock debut this year among billion-dollar listings in Hong Kong, Wat has plans to open at least 800 stores by the end of 2020.
Meet Ji Kaiting, millennial Chinese billionaire who loves fast cars

Wat did not come from an affluent family. They moved from Fuzhou to Hong Kong when Wat was young, where she soared in her academics and attended the prestigious University of Hong Kong. Later, she furthered her studies in Northwestern University in the US before joining McKinsey & Company in 2000.
The 12 richest tech billionaires in the world – ranked
In 2004, Wat joined A.S. Watson Group in the UK, handling managing and strategic matters. Over the next decade, she rescued struggling health and beauty retail chain Savers and eventually became managing director of Watson UK, which handled both Savers and retail chain Superdrug. She later joined the F&B industry in 2014 as the CEO of KFC China before shifting among several roles at parent company Yum China, finally taking over as CEO in 2018.

With Wat at the helm, KFC China’s online sales and delivery business dramatically increased; deliveries accounted for 17 per cent of the chain’s total sales in the third quarter of 2018.

In 2011, Wat added the title of “mother” to her list as she gave birth to her son. No matter how busy she might be at work, Wat believes in the importance of spending time with family.
The Korean celebrities making a stand against misogynists
“Nothing is more important than childcare,” she once told Forbes in an interview. “Not even my job.”

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US fast-food chains pull onions from some menus after McDonald’s E coli outbreak

KFC, McDonald’s, Haidilao push small-store format to beat China’s consumption downgrade

India’s crackdown on McDonald’s ‘real cheese’ sparks wider fast-food chain probe on KFC, Burger King, Pizza Hut, Domino’s

China price wars help spark US$157 billion rout in mainland consumer stocks as Alibaba, Yum China and BYD drag the market

Yum! Brands

From Savers to KFC China, millionaire Yum China CEO Joey Wat is an expert in saving struggling chains – no wonder she’s one of the only female CEOs listed on Fortune 500

Joey Wat is one of only 37 female CEOs listed on Fortune 500. Photo: sina.com

photo: sohu.com

Joey wat. Photo: sohu.com

Joey Wat (left), chief executive officer of Yum China, and Andy Yeung (right), chief financial officer, pose for photo. Photo: Handout

A woman holding an ice cream walks out of a KFC restaurant in Beijing July 17, 2014. Yum Brands Inc on Wednesday said its KFC business bounced back in China, its No. 1 market, but its stock fell more than 2 percent in extended-hours trading on disappointing quarterly results from its India, Taco Bell and Pizza Hut divisions. REUTERS/Kim Kyung-Hoon (CHINA - Tags: BUSINESS FOOD)

SF Express founder Wang Wei became China’s 10th richest billionaire, but before that he was an illegal cross-border delivery man – here’s how he made his fortune

Wang Wei, Chairman of SF Express at Shenzhen Stock Exchange. Photo: Money

A delivery drone is displayed at SF Express's booth at an exhibition during the World Intelligence Congress in Tianjin, China May 16, 2019. REUTERS/Jason Lee

SF Express. Photo: @parcelhub.ampangbaru

Elon Musk, watch out: Tesla competitor Xpeng Motors’ value soared at its New York Stock Exchange IPO – who is He Xiaopeng, the billionaire CEO behind China’s hyped electric car brand?

With Xpeng shares worth US$4.2 billion, He Xiaopeng is now one of the richest men in the global auto industry. Photo: yiche.com

G3 Car

He Xiaopeng. Photo: Xpeng Motors

P7 Car

Xpeng Motors Technology Ltd.'s G3 electric sport utility vehicle (SUV) is displayed at the Guangzhou International Automobile Exhibition in Guangzhou, China, on Friday, Nov. 16, 2018. More than 60 new models are being unveiled at the auto show in the southern city of Guangzhou starting Friday, with manufacturers betting on swanky SUVs and electric cars to revive a market headed for its first annual slump in at least two decades. Photographer: Qilai Shen/Bloomberg

Yang Mi, Fan Bingbing and Angelababy among Chinese celebrities turning to live-stream e-commerce on Douyin and Taobao Live during Covid-19 – who made millions and who failed?

Angelababy, Fan Bingbing and Yang Mi have all hosted live streams to promote various products on China’s e-commerce platforms – but who pulled it off the best? Photo: Taobao/Weibo

(Left) Li also aroused public attention last year by pairing up with famous actress Zhao Wei to promote the wine produced from Zhao’s chateau. (Photo: Taobao)

(Left) Huang hosting a live stream and sold a 40 million yuan rocket launch service. It attracted more than 19 million viewers, showing how live streaming ecommerce has grown. Photo: Weibo/ Xiaohongshu

Chen He

Angelababy

Yang Mi

Viya Huang

Fan Bingbing

Liu Tao

The rich list: Nita Ambani’s US$350,000 Hermès Birkin handbag, South Korea’s most expensive K-dramas, and the richest billionaires in fashion

Bernard Arnault, Nita Ambani, Lee Min-ho. Photo: handout, Reuters, AFP

'The King: Eternal Monarch' 'Hotel Del Luna' 'Mr. Sunshine.' Photo: SBS, TvN, Netflix/ Handout

=== PHOTO CAPTURED ONLINE=== Nita Ambani rocking her Hermès handbag while hanging out with the Kapoor sisters. Photo: @therealkarismakapoor/Instagram

Amancio Ortega, one of the richest man in Spain, poses for the first time after decades of mystery. Ortega is the owner of the Zara fashion business. This undated picture was taken for the first annual report ever published of the Inditex textile firm of which Zara is a subsidiary business.

World’s most expensive Covid-19 face mask: US$1.5 million, 210 carats of diamonds, commissioned by a Chinese billionaire

The Yvel Covid-19 Protective Mask will be made from 250 grams of 18 carat white gold and embellished with more than 3,600 natural black and white diamonds. Photo: handout

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She was managing director for Watsons UK and kicked off her career at McKinsey & Company – here are a few things you might not know about Joey Wat, CEO of China’s largest restaurant company Yum China


She saved the UK’s struggling cosmetics chain Savers, then she maximised profits at KFC China – but how did the millionaire and Fortune 500-listed CEO get where she is today?


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