Yum China

Yum China Holdings, Inc.
Public
Traded as NYSE: YUMC
Russell 1000 Component
ISIN US98850P1093
Industry Restaurants
Founded 1 November 2016
Headquarters Shanghai, China
Area served
 China
Little Sheep: Canada, Japan, Indonesia, United States
Key people
 Joey Wat, CEO
Revenue Increase US$6.752 billion (2016)[1]
Increase US$0.640 billion (2016)[1]
Increase US$0.502 billion (2016)[1]
Total assets Increase US$$3.727 billion (2016)[1]
Total equity Increase US$2.443 billion (2016)[1]
Number of employees
 420,000 (as of December 2016)[2]
Divisions KFC
Pizza Hut
Taco Bell
East Dawning
Little Sheep
Website www.yumchina.com/en

Yum China Holdings Inc. (Chinese: 百胜中国控股有限公司) is an American-Chinese Fortune 500[2] fast-food restaurant company incorporated in the United States and is headquartered in Shanghai . With US$6.8 billion of revenue in 2016 and over 7,600 restaurants, it is the largest restaurant company in China. Spun off from Yum! Brands in 2016, it became an independent, publicly traded company on 1 November 2016. It operates more than 7,600 restaurants over 1,100 cities and towns spanning every province and autonomous region across Mainland China, and has a workforce of 420,000 employees, representing the 3rd largest labour force in the world.[3][4]

History

Initial foray into China

Spinoff

On 20 October 2015, Yum! Brands announced that it intended to separate into two independent, publicly traded companies.[5] Yum China was spun off on 1 November 2016.[6]

Yum China abroad

Even though Yum China is based in China, one of its subsidiaries, Little Sheep, has locations in Canada, Indonesia, Japan, and in the United States. There are twenty-nine locations in nine US states, mostly in California, nine locations in four Canadian provinces, seventeen locations in Japan, and one location in Jakarta in Indonesia.[7]

References

  1. 1 2 3 4 5 "Yum China 10-K". Retrieved 18 June 2017.
  2. 1 2 "Yum China on the Fortune 500". Fortune. Retrieved 18 June 2017.
  3. ↑
  4. ↑ "Overview-Yum China". www.yumchina.com.
  5. ↑ "Yum! Brands announced that it intends to separate into two independent, publicly-traded companies." Company news release, 20 October 2015.
  6. ↑ "Yum! Brands, Inc. (NYSE: YUM) today announced that it has completed the separation of Yum China Holdings, Inc. ("Yum China") from Yum! Brands, creating two powerful, independent, focused growth companies."
  7. ↑ Locations

Official website

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