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Yum China
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Yum China

Yum China
Yum China
Yum China is a fast-food company that operates the KFC, Pizza Hut and Taco Bell restaurant chains in mainland China. It also owns other brands including Little Sheep and Huang Ji Huang, which specialise in hotpot and casual dining, respectively. The company operates more than 14,000 restaurants in around 2,000 cities and towns across China. Yum China was spun off from US fast food giant Yum Brands in 2016.
A Pizza Hut restaurant in Jinan, Shandong province. Photo: Handout
China’s private sector

Global brands in China seek local partners amid market squeeze

Slower consumer spending and cutthroat competition are pushing global brands such as Pizza Hut and Starbucks to reshape their China business.

China’s private sector

Yum China rolls out the dough for mainland’s Pizza Huts in US$1.2b deal

China’s private sector

A new battlefront for KFC and its Chinese rivals: the lighter meal

Consumers

How Chinese consumers’ changing demands are keeping KFC’s owner on its toes

Yum China CEO Joey Wat banks on fast-food firm’s flexible store format and cheaper products to attract more Chinese consumers.

Yum China CEO Joey Wat speaks during the company’s 2025 Investor Conference in Shenzhen. Photo: Handout
Pizza Hut

Pizza shut: iconic chain to close 250 US locations

Yum! Brands targets underperforming restaurants as it conducts a strategic review for Pizza Hut.

Consumers

KFC operator Yum China to expand faster amid ‘early signs’ of spending thaw

After earnings exceed estimates, company will add outlets at faster pace than last year, with focus on second-tier cities.

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Yum! Brands

KFC, Pizza Hut operator Yum China pushes rapid expansion into lower-tier cities

The initiative is expected to increase the fast-food operator’s total number of mainland China stores to 30,000 by 2030.

A Pizza Hut store in Jinan, Shandong province. Photo: Handout
China stock market

World’s top hedge fund Bridgewater dumps all China stocks

World’s largest hedge fund drops US$1.41 billion of shares in firms including Alibaba, JD.com, Baidu, Nio and Yum China in second quarter.

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Yum! Brands

Yum China raises target for opening mainland coffee shops

CEO Joey Wat says company is expected to operate 1,700 KCoffee cafes across the country by the end of 2025.

Hong Kong stock market

KFC, Pizza Hut operator Yum China adopts AI to spur efficiency, profitability

Digital ordering accounted for about 90 per cent of Yum China’s sales in 2024, backed by its 540 million ‘membership’ consumers.

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Yum China is consistently at the forefront of digital adoption, says chief technology officer Leila Zhang. Photo: Handout
Artificial intelligence

Yum China rolls out AI agent, to help, not replace store managers

Aiming to help frontline managers with tasks such as scheduling and inventory management, system aligns with industry’s wider AI push.

Yum China’s CEO Joey Wat (centre) and other executives announce the AI tool at the company’s inaugural AI Day event in Shanghai. Photo: Handout
Banking & finance

Explainer | How 5 international brands are growing in China despite spending downturn

Arc’teryx, Adidas, Ralph Lauren, Sam’s Club and Yum China are all growing their China sales, but for different reasons.

Banking & finance

KFC, McDonald’s, Haidilao push small-store format in fight for consumers

Fast-food kiosks are sprouting up in mainland cities, as fast-food restaurant chains like Yum China, McDonald’s and Haidilao compete for consumer dollars.

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China economy

KFC owner plans to tap less affluent customers in China’s smaller cities

Yum China Holdings, which owns the KFC and Pizza Hut restaurant chains in mainland China, plans to open more stores in ‘untapped’ parts of the country where it hopes its low-price strategy will appeal to vast numbers of less affluent customers.

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The fast-food behemoth said 30 per cent of its 1,500 to 1,700 new outlets to be established this year would be located in lower-tier cities or strategic places such as transport hubs or tourist destinations. Photo: Bloomberg
Hong Kong stock market

Yum China, Haidilao are top picks at Morningstar, Essence on consumption play

Chinese restaurant chain operators are grossly underpriced in the stock market, and they are set to expand their dominance as consumption rebounds, analysts say.

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Pedestrians walk past a Pizza Hut restaurant and a KFC restaurant, both operated by Yum China, in Beijing n September 2020. Photo: Bloomberg
China stock market

China price wars help spark US$157 billion rout in mainland consumer stocks

The biggest drags on the MSCI benchmark since the end of September 2023 include Alibaba, Yum China and BYD, which have all been offering big discounts.

China's border reopening

KFC and Pizza Hut operator Yum China ups the ante on Chinese cuisine

The company is melding more local specialities into its dishes to cater to budget-conscious consumers as it moves to capitalise on China’s economic recovery after the end of Covid-19 restrictions.

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US-listed Chinese stocks

Ray Dalio’s Bridgewater dialled down most Chinese stock holdings last quarter

Bridgewater Associates, the world’s biggest hedge fund, trimmed most of its Chinese stock holdings to take profit last quarter, after optimism around China’s reopening fuelled a handsome rally.

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Shanghai’s Lujiazui financial district. China is the ‘most important ascending power’ for investors to understand, Ray Dalio said in a LinkedIn post last week. Photo: Bloomberg
Coronavirus China

‘Worst is over’: Pizza Hut operator Yum China to open up to 1,300 stores

Yum China Holdings, which owns the KFC and Pizza Hut restaurant chains in mainland China, will open another 1,100 to 1,300 stores this year.

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Yum! Brands

KFC, Pizza Hut’s China operator sees profit slashed in half by Covid curbs

Yum China Holdings said its earnings in the three months ended June 30 came to US$83 million, down 54 per cent from the same period last year after stringent pandemic measures barred diners.

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Coronavirus pandemic: All stories

KFC’s Chinese operator shuts struggling East Dawning fast-food chain

The pandemic was the final straw for the brand, though it had been losing ground for years to the likes of Da Niang Dumpling and Yang’s Dumplings.

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East Dawning kicked of with about 100 restaurants nationwide located mainly at airports and train stations. Photo: SCMP Handout
Conservation

China’s KFC, Pizza Hut operator to slash use of plastic bags, straws

Yum China, one of the country’s largest restaurant operators, is aiming to cut its use of environmentally harmful plastics by almost a third in the next five years by shifting to paper straws and biodegradable packaging.

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Non-degradable plastic bags used in over half of its KFC restaurants will be replaced with paper bags or biodegradable plastic bags, Yum said. Photo: Reuters
Yum! Brands

How did Joey Wat become leader of China’s largest restaurant company?

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?

Consumers

Yum China sees delivery business leading coronavirus recovery

The outbreak has accelerated the adoption of food deliveries and takeaway, according to the company, which runs about 10,000 restaurants under brands such as KFC and Pizza Hut on the mainland.

IPO

Chinese operator of KFC, Pizza Hut flops in Hong Kong trading debut

The flop in Yum China’s Hong Kong debut draws a stark contrast with a spate of bumper initial public offerings (IPO) in the city, where stocks gained 50 per cent or more in value when they changed hands for the first time.

Pedestrians walk past a Pizza Hut restaurant and a KFC restaurant, both operated by Yum China Holdings in Beijing on Saturday, Sept. 5, 2020. Photo: Bloomberg
Banking & finance

KFC operator Yum China to raise US$2.2 billion in Hong Kong listing

Yum China, the operator of KFC, Pizza Hut and Taco Bell in mainland China, is the latest US-listed firm to raise capital in Hong Kong.

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Yum China, the operator of KFC and Pizza Hut in the mainland, is hoping investors in Asia will have a better grasp on consumer trends in its home market as it pursues a secondary listing in Hong Kong. Photo: Bloomberg
Banking & finance

KFC operator gets approval for stock listing in Hong Kong

The secondary listing of Yum China, the operator of KFC, Pizza Hut and Taco Bell, could come as soon as September, a source says.

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IPO

Yum China pushes ahead with Hong Kong secondary listing, sources say

The operator of KFC, Pizza Hut and Taco Bell is the latest US-listed Chinese company to seek to broaden its investors in Hong Kong. Brokers see its digital offering as key to the listing's success.

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