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Initial foray into China
Spinoff
On October 25, 2015, Yum! Brands announced that it intended to separate into two independent, publicly traded companies by spinning off Yum China; it took effect on November 1, 2016.
Brands
Yum China has several subsidiary brands, including KFC, Taco Bell, Pizza Hut, COFFii & JOY (a coffee bar launched in 2018), Huang Ji Huang (a casual dining franchise), East Dawning (a Jiangnan cuisine fast food franchise) and Little Sheep. Little Sheep has around 200 restaurants in China, thirty in eleven US states (most of which have been rebranded to Happy Lamb), mostly in California, seventeen in Japan, nine in Canada and one in Jakarta, Indonesia.
Yum China, alongside LongRange Capital, acquired Pizza Hut from Yum! Brands in 2026, Yum China acquired its Chinese operations.
Number of units as of 2024:
11,648 KFCs
3,724 Pizza Huts
1,023 Little Sheep, East Dawning, Taco Bell, Huang Ji Huang, COFFii & Joy, Lavazza, and Shaofaner.