Yum China Holdings, Inc. YUMC

What this company does

Yum China holds the exclusive right to operate and sublicense the KFC and Pizza Hut brands, and, subject to agreed terms, the Taco Bell brand, in China excluding Hong Kong, Macau and Taiwan. The Company reported $11.8 billion of revenues in 2025 from a network of 18,101 restaurants as of December 31, 2025. As of December 31, 2025, Yum China owned and operated approximately 83% of its restaurants. Yum China's restaurant network comprises its KFC and Pizza Hut brands, together with the emerging Lavazza, Huang Ji Huang, Little Sheep and Taco Bell concepts. KFC, founded in Corbin, Kentucky by Colonel Harland D. Sanders in 1939, opened its first restaurant in Beijing in 1987 and had grown to 12,997 restaurants in over 2,500 cities across China by the end of 2025. Pizza Hut opened its first restaurant in Beijing in 1990 and had grown to 4,168 restaurants in over 1,000 cities across China by year-end 2025. Yum China was incorporated in Delaware on April 1, 2016 and separated from YUM on October 31, 2016, becoming an independent, publicly traded company through a pro rata distribution of its common stock to YUM shareholders.

Written from the business description in Yum China Holdings, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 27 February 2026. Every sentence was checked against that document before publication.