Yum China Holdings, Inc.

Yum China Holdings, Inc. is China's largest restaurant company, operating, and franchising a diverse portfolio of restaurant brands across mainland China. The company's mission is to make every life taste beautiful. Headquartered in Shanghai, People's Republic of China, Yum China was incorporated in Delaware and became an independent publicly traded company on November 1, 2016, after being spun off from Yum! Brands, Inc.

Yum China's extensive brand portfolio includes well-known international quick-service and casual dining concepts such as KFC, Pizza Hut, and Taco Bell, alongside popular local brands like Lavazza, Little Sheep, and Huang Ji Huang. The company is a leader in adapting global brand offerings to local tastes and preferences, and it heavily invests in digitalization, mobile connectivity, and loyalty programs to enhance customer experience and drive engagement.

Under the leadership of CEO Joey Wat, Yum China continues to expand its footprint and innovate within the dynamic Chinese market. A notable recent development includes the June 2026 announcement of Yum China's agreement to acquire ownership of the Pizza Hut brand in Mainland China for $1.2 billion, a move expected to eliminate license fees and provide greater strategic flexibility for menu, formats, and operations, while supporting margin expansion. The company aims to expand Pizza Hut to over 6,000 stores by 2028 and double its operating profit by 2029 compared to 2024. Yum China is a Fortune 500 company and plans to open over 1,900 net new stores in 2026, targeting a total of 20,000 outlets.