Overview
Yum China Holdings, Inc. is a restaurant and food-service company operating and developing restaurant brands primarily in China. Its portfolio is led by KFC and Pizza Hut, alongside concepts including Lavazza, Huang Ji Huang, Little Sheep and Taco Bell. The company’s stated purpose is “making every life taste beautiful.” [1][2][3]
At December 31, 2025, Yum China operated 18,101 restaurants in more than 2,500 cities, with its business concentrated in China. It reported revenue of $11.8 billion for 2025. The company’s careers page describes its workforce as about 400,000 employees; that figure is undated.[1][4] [1][2][3][4]
Products & services
KFC’s menu includes Original Recipe® chicken, whole chicken, beef burgers, pork and seafood, alongside rice dishes, congee, fresh vegetables, desserts, coffee and tea. Pizza Hut offers pizzas, pasta, steaks, rice dishes, burgers and other entrees, as well as appetizers, beverages and desserts; its daypart offerings include breakfast, lunch, afternoon tea and dinner. Both brands serve customers through dine-in, takeaway and delivery, while Pizza Hut also sells packaged foods for at-home consumption.[5][6]
Other concepts include Lavazza coffee shops and retail coffee products, Huang Ji Huang simmer-pot meals, Little Sheep hot pot rooted in Inner Mongolian cuisine, and Taco Bell’s Mexican-style menu of tacos, burritos, quesadillas, salads and nachos.[7][8][9][10] In 2026, the company cited KCOFFEE cafes, KPRO, KFC car-side pickup and Pizza Hut Burger Bar among its new concepts, services or formats.[11]
Digital ordering accounted for approximately 94% of total company sales in 2025. Ordering options include brand apps and WeChat mini programs, in-store kiosks at some locations, and Pizza Hut QR-code table-side ordering; KFC’s Smart K uses AI to process verbal ordering requests and provide customized suggestions.[12] Delivery was available at over 90% of KFC restaurants and over 95% of Pizza Hut restaurants at year-end 2025, and represented approximately 48% of KFC and Pizza Hut sales for the year.[13][14] The company reports brand-level revenue, but does not disclose performance as a percentage of sales for individual menu products.[15] [5][6][7][8][9][10][11][12][13][14][15]
Geographic presence
Yum China’s operations are concentrated in China. At June 30, 2026, it operated 19,297 restaurants in more than 2,700 cities, primarily in China. At year-end 2025, KFC operated in more than 2,500 Chinese cities and Pizza Hut in more than 1,000; the company added about 270 cities in 2025.[16][1][5][6][17]
The company also reports a smaller presence beyond mainland China: its year-end 2025 disclosures include Lavazza shops in mainland China and Hong Kong, and some Huang Ji Huang and Little Sheep units in China and internationally. KFC, Pizza Hut and Taco Bell rights cover China but exclude Hong Kong, Macau and Taiwan. The 2025 annual filing does not provide revenue by country or region, so a geographic revenue share cannot be determined from these disclosures.[7][10][8][9][1]
Addresses listed for the company include Yum China Building, 20 Tian Yao Qiao Road, Shanghai, and 101 East Park Boulevard, Suite 805, Plano, Texas.[18][19] [16][1][5][6][17][7][10][8][9][18][19]
Business segments
Yum China reports two reportable segments: **KFC** and **Pizza Hut**. In 2025, KFC generated $8,871 million in external-customer revenue, approximately 75.2% of consolidated revenue; Pizza Hut generated $2,324 million, approximately 19.7%.[15] These percentages are calculated using consolidated revenue of $11,797 million as the denominator.[15]
**All Other Segments** is presented as an aggregated category rather than a third individually named reportable segment. It includes other concepts such as Lavazza, Huang Ji Huang, Little Sheep and Taco Bell; its 2025 external-customer revenue was $184 million, approximately 1.6% of consolidated revenue.[15][1][8] The filing also reports $418 million of corporate and unallocated revenue, approximately 3.5% of the total; this is not a restaurant segment.[15] [15][15][15][15][15][1][8][20]
Company history
Yum China’s operating roots predate the company itself: KFC opened its first restaurant in Beijing in 1987, followed by Pizza Hut in 1990. Yum China Holdings, Inc. was incorporated in 2016 and separated from Yum! Brands in October of that year, becoming an independent publicly traded company on November 1 with a portfolio that included KFC and Pizza Hut in China.[20]
The company added new concepts and leadership in the following years. KPRO, a new restaurant concept by KFC, launched in Hangzhou in 2017; Joey Wat succeeded Micky Pant as CEO effective March 1, 2018.[21][22] In 2020, Yum China completed its acquisition of a controlling interest in hot-pot brand Huang Ji Huang and established a joint venture with Lavazza, opening the coffee company’s first store outside Italy in Shanghai.[23][24]
KFC China opened its 10,000th restaurant in December 2023.[25] In 2026, Yum China completed its acquisition of Pizza Hut’s Mainland China business from Yum! Brands, bringing ownership of both the KFC and Pizza Hut brands in China under Yum China.[26] [27][28][29][6][2][1][30][20][21][22][23][24][25][26]
Sources
- Yum China Holdings, Inc. — Full financial report (2025 Y)
- www.yumchina.com[3]
- www.yumchina.com[4]
- Yum China Holdings, Inc. — Press release (2026 Q 2)[11]
- Yum China Holdings, Inc. — Full financial report (2026 Q 2)[16][30]
- ir.yumchina.com[20]
- ir.yumchina.com[21]
- www.sec.gov[22]
- www.prnewswire.com[23]
- www.prnewswire.com[24]
- ir.yumchina.com[25]
- investors.yum.com[26]
- Yum China Holdings, Inc. — Full financial report (2016 Y)[27][28]
- Yum China Holdings, Inc. — Full financial report (2017 Y)[29]
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