All Brands Owned by Yum China Holdings, Inc.

What does Yum China own?

Yum China owns the intellectual property of Little Sheep and Huang Ji Huang outright and holds exclusive rights to operate and sublicense KFC, Pizza Hut, and Taco Bell in mainland China. It also runs a Lavazza coffee joint venture and retail brands such as Shaofaner. In 2026 it agreed to acquire the Pizza Hut China business outright for approximately $1.2 billion.

Is Yum China publicly traded?

Yes. Yum China Holdings trades on the New York Stock Exchange under the ticker YUMC. It also holds a dual primary listing on the Hong Kong Stock Exchange under ticker 9987, converted from a secondary listing in October 2024.

Who owns Yum China?

Yum China is publicly owned by institutional and retail shareholders, with no controlling owner. It was created in 2016 when Yum! Brands distributed its China business to shareholders. Dr. Fred Hu's Primavera Capital has been a significant shareholder, and Hu serves as chairman.

Where is Yum China headquartered?

The company is headquartered in Shanghai, China, where its principal executive offices and management team are based. It is incorporated in Delaware in the United States and maintains a secondary US presence in Plano, Texas.

How is Yum China related to Yum! Brands?

Yum China was spun off from Yum! Brands in October 2016 as an independent public company. The two are separate entities. Yum China pays Yum! Brands royalties under a long-term master license to operate KFC, Pizza Hut, and Taco Bell in mainland China.

How many restaurants does Yum China operate?

Yum China operated 18,101 restaurants as of December 31, 2025, including 12,997 KFC and 4,168 Pizza Hut locations. Management targets 20,000 stores by the end of 2026 and more than 30,000 by 2030, expanding coverage from about 2,500 cities to 4,500.