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Yum China Holdings announced the opening of its Digital R&D Center with three sites in Shanghai, Nanjing, and Xi’an. The inauguration of the Digital R&D Center represents an important milestone for the Company’s strategy to build a dynamic digital ecosystem…
Italian coffee chain Lavazza is set to increase its store network in China to 1000 by 2025 through scaling up its existing joint venture with fast-food operator Yum China. The joint venture –in which Yum will be Lavazza’s exclusive distributor in Mainland…
Yum China is now offering more fruit and vegetable options in over 6000 food chains nationwide, encouraging consumers to add at least 100g of fruit and veggies to their meals. This latest effort is part of the company’s “Fruit and Vegetables 100+” program,…
Fast food corporation Yum! Brands, the US parent of KFC, Pizza Hut, and Taco Bell, has purchased Australian tech startup Dragontail for US$93.5 million. Yum! Brands’ acquisition of Dragontail will take the startup’s emerging technologies in-house in addition…
Without the negative impact of the COVID-19 pandemic to hold it back at this year’s beginning, Yum China Holdings reported improved results for the first quarter of 2021. The Shanghai-based fast-casual company — a spinoff from Yum! Brands that hold franchises…
Yum China has reported a flat third quarter to September, with sales up 1 percent year on year to US$2.35 billion. The company said operations improved during the period, but sales were still impacted by reduced traffic at transportation and tourist…
Yum China Holdings, the parent of the Pizza Hut, KFC and other restaurant chains in Mainland China, has confirmed it will list on the Hong Kong stock exchange, raising up to US$2.5 billion. The company’s stock will continue to be listed on the New York Stock…
Yum China has launched Beijing’s first Taco Bell store, in the Liangmaqiao district. The Taco Bell Beijing store offers the brand’s nachos and tacos along with exclusive local selections for Chinese customers such as a rice bowl, seasoned bone chicken and…
Yum China – the operator of KFC, Pizza Hut, Taco Bell, and local restaurant chains – is reportedly preparing to list on the Hong Kong stock exchange as early as next month. The IPO, should it proceed, is likely to raise as much as US$2 billion, according to…
Not even a deadly pandemic is slowing Yum China’s rapid expansion program, with the company on track to open 850 stores this year. Yum China this month marked its 10,000-store milestone, opening a KFC in Bo’ao, Hainan province, and CEO Joey Wat says Covid-19…
Yum China has entered into a partnership with plant-based meat manufacturer Beyond Meat to trial a burger at selected KFC, Pizza Hut, and Taco Bell locations within the country. The agreement marks the introduction of Beyond Meat’s Beyond Burger in Mainland…
Yum China emerged from the first quarter in profit despite the disruptive effects of the Covid-19 pandemic on sales and operations. While revenue was down 24 percent for the operator of KFC, Pizza Hut in Mainland China, and several local restaurant chains,…
Restaurant operator Yum China, which operates KFC and Pizza Hut in the territory, has purchased a controlling interest in Chinese-style casual dining franchise Huang Ji Huang. The brand, launched in 2004, has more than 640 restaurants within China and…
Yum China says it is witnessing “early signs of recovery” in Mainland China as business gradually resumes and people return to work. However, the company, which operates KFC, Pizza Hut and Little Sheep chains, said in an update to shareholders that restaurant…
Yum! Brands has bought California-based The Habit Burger Grill, adding its first fast-casual burger chain to its portfolio which already includes KFC, Pizza Hut and Taco Bell The company says it has bought all of The Habit Burger Grill’s issued and…
Yum China, which operates Chinese KFC and Pizza Hut networks, has launched a contactless food-delivery service. The move is a response to concerns about transmission of coronavirus between customers and delivery staff – but will also give confidence to…
