What does Yum China do?

Yum China runs restaurant chains across mainland China, including KFC and Pizza Hut. It also operates other dining brands such as Taco Bell, Lavazza coffee, Little Sheep hot pot and Huang Ji Huang. Customers can eat in its restaurants or order food through its online delivery services.

Consumer Cyclical · Restaurants · 9987.HK

What Yum China Does & How It Makes Money (9987.HK)

Updated October 2026 · reflects Yum China's latest reported financials

China's operator of KFC, Pizza Hut and other restaurant chains. It earns most of its revenue from food and drinks sold in restaurants it owns and operates, with additional income from franchised restaurants.

Yum China's story, moat and numbers — in a 3-minute visual book.

Explore Yum China on TacticScale →

How Yum China makes money

It earns most of its revenue from food and drinks sold in restaurants it owns and operates, with additional income from franchised restaurants. It also sells meals through online delivery services.

What Yum China does

Yum China Holdings is a restaurant company based in Shanghai that owns, operates and franchises restaurants in the People's Republic of China. Its business is organized into KFC, Pizza Hut and All Other segments, and it has operated in China since 1987. Beyond its two core brands, KFC and Pizza Hut, the company runs Taco Bell, Lavazza coffee shops, Little Sheep and Huang Ji Huang. It also offers online food delivery, so it serves customers both in its restaurants and at home.

Products & services

KFC
Pizza Hut
Taco Bell
Lavazza
Little Sheep
Huang Ji Huang

What is Yum China worth?

Fair value: not published

A reliable owner-earnings fair value isn't available for this company yet — we'd rather say so than print a number we don't trust.

We show a fair value only when the method is trustworthy. See Yum China on TacticScale →

Sector Consumer Cyclical Industry Restaurants HQ China Ticker 9987.HK Official site

Related companies

Yum! Brands (YUM)

Understand Yum China in 3 minutes →