Yum China
| Company type | Public |
|---|---|
| NYSE: YUMC Russell 1000 Component | |
| ISIN | US98850P1093 |
| Industry | Restaurants |
| Predecessor | Yum! Brands  |
| Founded | November 1 2016 |
| Headquarters | , |
Area served | China Little Sheep: Canada, Japan, Indonesia, United States |
Key people | Joey Wat, CEO |
| Revenue |  US$6.752 billion (2016)[1] |
| US$0.640 billion (2016)[1] | |
| US$0.502 billion (2016)[1] | |
| Total assets | US$$3.727 billion (2016)[1] |
| Total equity | US$2.443 billion (2016)[1] |
Number of employees | 450,000[2] (2017) |
| Divisions | KFC Pizza Hut Taco Bell East Dawning Little Sheep |
| Website | www |
Yum China Holdings Inc. is a Chinese Fortune 500[3] fast-food restaurant company incorporated in the United States and is headquartered in Shanghai, China.[4][5][6] With US$6.8 billion of revenue in 2016 and over 7,600 restaurants, it is one of the largest restaurant companies in China. Spun off from Yum! Brands in 2016, it became an independent, publicly traded company on November 1 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 450,000 employees.[7][8]
History
Initial foray into China
Spinoff
On October 25 2015, Yum! Brands announced that it intended to separate into two independent, publicly traded companies.[9] Yum China was spun off on 1 November 2016.[10]
Yum China abroad
Yum China has subsidiaries, Little Sheep,which 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.[11]
References
- ^ a b c d e "Yum China 10-K". Retrieved June 18, 2017.
- ^ "Yum China Holdings". Fortune. Retrieved December 21, 2018.
- ^ "Yum China on the Fortune 500". Fortune. Retrieved June 18, 2017.
- ^ "Overview-Yum China". www.yumchina.com.
- ^ "Office Tour: Yum China Offices – Shanghai". Office Snapshots. May 15, 2018.
- ^ Inc, Yum China Holdings. "New Yum China Building Opens in Shanghai". www.prnewswire.com.
{{cite news}}:|last1=has generic name (help) - ^ [1]
- ^ "Overview-Yum China". www.yumchina.com.
- ^ "Yum! Brands announced that it intends to separate into two independent, publicly-traded companies." Company news release, 20 October 2015.
- ^ "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."
- ^ Locations
External links
- Business data for Yum China: