As of November 1, 2016, Yum China Holdings, Inc. became a licensee of Yum! Brands in Mainland China. Yum China has exclusive rights to KFC, China’s leading quick-service restaurant concept, Pizza Hut, the leading casual dining brand, and Taco Bell, which is expanding globally but is not yet in China. It also owns the Little Sheep and East Dawning concepts. Yum China has more than 7,300 restaurants and more than 400,000 employees in over 1,100 cities, and generated over $8 billion in system sales in 2015. The standalone company, Yum China, began trading “regular way” on the New York Stock Exchange under the symbol “YUMC” on November 1, 2016.
KFC® was the first quick-service restaurant chain to enter China in 1987. Today, KFC is the number one Western QSR brand in China with more than 5,000 restaurants in over 1,100 cities. In terms of number of restaurants, we have a two-to-one lead over our nearest competitor and we’re growing in both large and small cities. In addition to Original Recipe, KFC in China has an extensive menu featuring beef, seafood, rice dishes, fresh vegetables, soups, breakfast, desserts, and many other delicious products. We’re also leveraging our restaurants throughout the day with breakfast, delivery and 24-hour operations.
Pizza Hut® was the first restaurant chain to introduce pizza and Western-style casual dining to China in 1990. Today, Pizza Hut Casual Dining is the number one Western casual dining brand in China in over 400 cities and over 1,600 restaurants. Pizza Hut Casual Dining has an extensive menu offering a broad variety of pizzas, entrees, pasta, rice dishes, appetizers, beverages and desserts. In addition, Yum! introduced pizza delivery to China in 2001 and there are more than 300 Pizza Hut Home Service units in almost 50 cities.
The growth of our category-leading brands in China is driven by an experienced local management team, a highly educated workforce, an unmatched real estate and development team, a country-wide distribution system, best-in-class operations and dedication to innovation and product quality.