Introduction
Yum China Holdings, Inc. is a Chinese fast food restaurant company that spun-off from Yum! Brands in 2016. It has exclusive rights to KFC, Pizza Hut, and Taco Bell brands in China and had 7,000\noutlets by the end of 2019. The company is based in Shanghai, China. It went public on the New York Stock Exchange on November 1, 2016 under the symbol “YUMC.” Yum China Holdings, Inc was incorporated in September 2015 in the Cayman Islands as a limited liability company. On June 8 2017 Yum China completed its acquisition of a controlling stake in Daojia Hulian Corporation Ltd., a Chinese online food delivery platform operator (“Daojia”), and renamed it Daojia Delivery In October 2019 Yum China acquired the remaining portion of Daojia not already owned by Yum China for approximately $200 million through cash paid at closing and additional cash consideration based on future performance targets As of December 31 2019 Daojia provided delivery services through more than 43 000 restaurants across 276 cities in Greater China
Yum China Holdings, Inc. is a Chinese fast food restaurant company that spun-off from Yum! Brands in 2016.
- Yum China Holdings, Inc. is a Chinese fast food restaurant company that spun-off from Yum! Brands in 2016.
- The company has exclusive rights to KFC, Pizza Hut, and Taco Bell brands in China.
It has exclusive rights to KFC, Pizza Hut, and Taco Bell brands in China and had 7,000\noutlets by the end of 2019.
Yum China Holdings Business Model
It has exclusive rights to KFC, Pizza Hut, and Taco Bell brands in China and had 7,000 outlets by the end of 2019. The company’s revenue reached $11 billion in 2017.
The company is based in Shanghai, China.
Yum China Holdings is based in Shanghai, China. It has a registered office in the Cayman Islands and its fiscal year ends on January 31st. The company’s shares are traded on the New York Stock Exchange under the symbol YUMC.
It went public on the New York Stock Exchange on November 1, 2016 under the symbol “YUMC.”
Yum China Holdings Inc. is a Chinese fast food restaurant company that has exclusive rights to KFC, Pizza Hut, and Taco Bell brands in China. It is based in Shanghai, China. On November 1, 2016 it went public on the New York Stock Exchange under the symbol “YUMC”.
Yum China Holdings, Inc. was incorporated in September 2015 in the Cayman Islands as a limited liability company.
Yum China Holdings, Inc. was incorporated in September 2015 in the Cayman Islands as a limited liability company. Limited liability companies are similar to corporations, but without some of the same formalities required by law. They’re also generally less expensive to form and maintain than corporations. The most significant advantage of an LLC is that its managers and members aren’t personally liable for its debts or obligations, although they may be liable if they personally guarantee loans or guarantees of other debt instruments issued by the company (such as bonds).
The following table provides additional information on Yum China Holdings, Inc.:
On June 8, 2017, Yum China completed its acquisition of a controlling stake in Daojia Hulian Corporation Ltd., a Chinese online food delivery platform operator (“Daojia”), and renamed it Daojia Delivery.
Yum China Holdings, Inc. is a subsidiary of Yum! Brands, Inc., which owns and operates fast food restaurant chains KFC and Pizza Hut. In June 2017, Yum China completed its acquisition of Daojia Hulian Corporation Ltd., a Chinese online food delivery platform operator (“Daojia”), and renamed it Daojia Delivery. The terms of the transaction were not disclosed by either party but it is estimated to be worth around $4 billion USD based on recent reports from Reuters who cite sources familiar with the matter.
Upon completion of this deal, YUM entered into three separate agreements with Daojia:
- a joint venture agreement;
- a share purchase agreement (SPA); and
- an amendment to the joint venture agreement (JVA).
In October 2019, Yum China acquired the remaining portion of Daojia not already owned by Yum China for approximately $200 million through cash paid at closing and additional cash consideration based on future performance targets.
Yum China Holdings is a leading restaurant brand operating in China. Yum China Holdings is a Chinese fast food restaurant company that spun-off from Yum! Brands in 2016.
In October 2019, Yum China acquired the remaining portion of Daojia not already owned by Yum China for approximately $200 million through cash paid at closing and additional cash consideration based on future performance targets.
As of December 31, 2019, Daojia provided delivery services through more than 43,000 restaurants across 276 cities in Greater China.
As of December 31, 2019, Daojia provided delivery services through more than 43,000 restaurants across 276 cities in Greater China. Its restaurant partners include national brands such as McDonald’s and Starbucks; regional chains including Ting Hsin International Group (Ting Hsin) and Mei Long Food Holdings Ltd. (Mei Long); and local restaurants from various parts of the country. The company also provides an online platform for consumers to search for restaurants near their location using keywords or locations.
The company operates approximately 8,000 delivery personnel who travel on foot or by bicycle to deliver food orders throughout Greater China, with more than 500 vehicles used during peak hours to support order fulfillment activities during peak demand periods when traffic congestion is high.
Yum China Holdings is a leading restaurant brand operating in China
Yum China Holdings, Inc. is a Chinese fast food restaurant company that spun-off from Yum! Brands in 2016. It has exclusive rights to KFC, Pizza Hut, and Taco Bell brands in China and had 7,000 outlets by the end of 2019.
Conclusion
Yum China Holdings is a leading restaurant brand operating in China. In its business model, it has exclusive rights to KFC, Pizza Hut, and Taco Bell brands in China and had 7,000\noutlets by the end of 2019. The company is based in Shanghai, China. It went public on the New York Stock Exchange on November 1st 2016 under the symbol “YUMC.”
