Yum China Holdings Inc

Yum China Holdings, Inc. is the largest restaurant company in China, operating over 19,000 restaurants under six brands across more than 2,700 cities. Its two flagship brands, KFC and Pizza Hut, are the leading brands in the quick-service and casual dining restaurant segments in China, respectively. The company also operates Lavazza coffee concepts (through a partnership), Little Sheep and Huang Ji Huang (Chinese cuisine specialists), and Taco Bell (Mexican-inspired food). Yum China maintains a digitalized, world-class supply chain with an extensive logistics center network and in-house supply chain management system. The company has strong digital capabilities and a loyalty program with over 270 million active members. It employs a hybrid ownership model with both company-owned and franchised restaurants, with franchisees operating approximately 18% of total stores. The company is in the process of acquiring the Pizza Hut brand in Mainland China, which would give it full brand ownership after 36 years of operating as a licensee. Updated Jul 30, 2026