Market Summary
USD56.10-0.60
Market Closed-1.06%
YUMC Alerts
YUMC Stock Price
YUMC RSI Chart
YUMC Valuation
YUMC Price/Sales (Trailing)
YUMC Profitability
YUMC Fundamentals
YUMC Revenue
YUMC Earnings
Price Action
52 Week Range
38.5964.70
(Low)(High)
Last 7 days
5.5%
Last 30 days
5.8%
Last 90 days
-2.2%
Trailing 12 Months
12.5%
YUMC Financial Health
YUMC Investor Care
Historical Charts for Stock Metrics
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Net sales
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Latest Insider Trading transactions for YUMC
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-09-01 | HOFFMANN DAVID L | acquired | - | - | 5,590 | - |
2023-06-01 | Zhang Min (Jenny) | acquired | - | - | 2,360 | - |
2023-06-01 | Lu Ruby Rong | acquired | - | - | 6,126 | - |
2023-06-01 | Yang William Wang | acquired | - | - | 5,732 | - |
2023-06-01 | Ettedgui Edouard | acquired | - | - | 3,325 | - |
2023-06-01 | BASSI PETER A | acquired | - | - | 3,982 | - |
2023-06-01 | Shao Zili | acquired | - | - | 3,413 | - |
2023-06-01 | Zhu Christina (Xiaojing) | acquired | - | - | 5,513 | - |
2023-06-01 | Hu Fred | acquired | - | - | 9,802 | - |
2023-05-11 | Wat Joey | acquired | 3,886,010 | 24.6023 | 157,953 | chief executive officer |
Which funds bought or sold YUMC recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-09-12 | Farther Finance Advisors, LLC | added | 116 | 12,653 | 26,218 | 0.01% |
2023-09-12 | DAVIDSON KEMPNER CAPITAL MANAGEMENT LP | sold off | -100 | -18,354,600 | - | -% |
2023-09-08 | TUCKER ASSET MANAGEMENT LLC | sold off | -100 | -3,360 | - | -% |
2023-09-07 | ST GERMAIN D J CO INC | new | - | 139,838 | 139,838 | 0.01% |
2023-09-05 | SILVIA MCCOLL WEALTH MANAGEMENT, LLC | sold off | -100 | -206,334 | - | -% |
2023-08-24 | Alberta Investment Management Corp | reduced | -21.71 | -6,927,780 | 15,997,500 | 0.15% |
2023-08-23 | Rehmann Capital Advisory Group | reduced | -11.54 | -161,957 | 603,693 | 0.05% |
2023-08-23 | Stonebridge Capital Advisors LLC | reduced | -39.02 | -4,746 | 5,650 | -% |
2023-08-22 | Old North State Trust, LLC | sold off | -100 | -32,000 | - | -% |
2023-08-22 | VIRGINIA RETIREMENT SYSTEMS ET AL | added | 50.34 | 633,634 | 2,497,300 | 0.02% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
YUMC Alerts
Schedule 13G FIlings of Yum China Holdings
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Feb 01, 2023 | blackrock inc. | 6.9% | 28,737,537 | SC 13G/A | |
| Feb 11, 2022 | goldman sachs group inc | 1.6% | 6,738,815 | SC 13G/A | |
| Feb 10, 2022 | invesco ltd. | 9.5% | 40,727,617 | SC 13G/A | |
| Feb 03, 2022 | blackrock inc. | 7.6% | 32,413,842 | SC 13G/A | |
| Mar 15, 2021 | blackrock inc. | 7.1% | 29,685,927 | SC 13G/A | |
| Feb 12, 2021 | invesco ltd. | 10.0% | 41,897,729 | SC 13G/A | |
| Feb 12, 2021 | goldman sachs & co. llc | 5.7% | 23,919,072 | SC 13G | |
| Nov 04, 2020 | primavera capital management ltd | 4.71% | 19,913,992 | SC 13D/A | |
| May 20, 2020 | primavera capital management ltd | 6.22% | 23,876,745 | SC 13D/A | |
| Feb 12, 2020 | invesco ltd. | 9.9% | 37,144,958 | SC 13G/A |
Recent SEC filings of Yum China Holdings
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Sep 20, 2023 | 4 | Insider Trading | |
| Sep 20, 2023 | 4 | Insider Trading | |
| Sep 20, 2023 | 4 | Insider Trading | |
| Sep 20, 2023 | 4 | Insider Trading | |
| Sep 20, 2023 | 4 | Insider Trading | |
| Sep 20, 2023 | 4 | Insider Trading | |
| Sep 20, 2023 | 4 | Insider Trading | |
| Sep 20, 2023 | 4 | Insider Trading | |
| Sep 20, 2023 | 4 | Insider Trading | |
| Sep 14, 2023 | 8-K | Current Report |
Peers (Alternatives to Yum China Holdings)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
MCD | 202.2B | 24.2B | -1.01% | 9.78% | 25.29 | 8.36 | 2.54% | 31.52% |
SBUX | 109.0B | 35.0B | -1.35% | 6.56% | 28.82 | 3.11 | 9.48% | -9.22% |
CMG | 53.0B | 9.3B | 2.91% | 12.99% | 47.58 | 5.71 | 13.96% | 47.37% |
YUM | 39.0B | 7.0B | -1.36% | 10.74% | 31.81 | 5.62 | 4.67% | -4.12% |
DRI | 18.1B | 10.5B | -3.75% | 13.62% | 18.43 | 1.73 | 8.91% | 3.05% |
| MID-CAP | ||||||||
ARMK | 9.9B | 18.3B | 3.64% | 2.77% | 18.14 | 0.54 | 18.44% | 253.28% |
TXRH | 6.7B | 4.3B | -3.45% | 10.18% | 22.91 | 1.53 | 15.14% | 14.83% |
WING | 5.3B | 413.4M | 8.51% | 30.74% | 83.74 | 12.72 | 38.83% | 56.37% |
WEN | 4.4B | 2.2B | 0.63% | 4.26% | 22.81 | 2.02 | 9.62% | 6.94% |
SHAK | 2.4B | 991.4M | -11.81% | 22.67% | -325.41 | 2.4 | 19.26% | 68.50% |
| SMALL-CAP | ||||||||
PLAY | 1.6B | 2.2B | -9.03% | 2.29% | 11.2 | 0.72 | 38.20% | -10.10% |
RUTH | 690.3M | 516.6M | 0.51% | 24.04% | 17.45 | 1.34 | 10.39% | -9.21% |
CHUY | 629.2M | 442.3M | -6.29% | 48.62% | 23.81 | 1.42 | 7.34% | 4.10% |
BJRI | 598.5M | 1.3B | -15.41% | -3.01% | 33.75 | 0.44 | 12.03% | 449.26% |
DENN | 487.4M | 472.7M | -8.38% | -14.38% | 12.5 | 1.03 | 10.04% | -61.24% |
Yum China Holdings News
Returns for YUMC
Cumulative Returns on YUMC
10.4%
5-Year Cumulative Returns
3.5%
3-Year Cumulative Returns
Risks for YUMC
What is the probability of a big loss on YUMC?
42.7%
Probability that Yum China Holdings stock will be more than 20% underwater in next one year
23.1%
Probability that Yum China Holdings stock will be more than 30% underwater in next one year.
7.3%
Probability that Yum China Holdings stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does YUMC drawdown profile look like?
Y-axis is the maximum loss one would have experienced if Yum China Holdings was unfortunately bought at previous high price.
Drawdowns
Financials for Yum China Holdings
Income Statement (Last 12 Months)(In Millions)
| Income Statement (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Revenue | 5.4% | 10,344 | 9,818 | 9,569 | 9,772 | 9,641 | 9,964 | 9,853 | 9,821 | 9,615 | 9,066 | 8,263 | 8,033 | 8,004 | 8,226 | 8,776 | 8,661 | 8,554 | 8,498 | 8,415 | 8,373 | 8,337 |
| S&GA Expenses | 2.0% | 618 | 606 | 594 | 605 | 590 | 585 | 564 | 548 | 533 | 510 | 479 | 486 | 476 | 472 | 487 | 462 | 464 | 456 | 456 | 445 | 458 |
| EBITDA | -100.0% | - | 1,622 | 1,373 | 1,909 | 1,707 | 1,771 | 1,917 | 1,517 | 1,947 | 1,844 | 1,572 | 1,463 | 1,171 | 1,224 | 1,450 | - | - | - | - | - | - |
| EBITDA Margin | -100.0% | - | 0.17* | 0.14* | 0.20* | 0.18* | 0.18* | 0.19* | 0.15* | 0.20* | 0.20* | 0.19* | 0.18* | 0.15* | 0.15* | 0.17* | - | - | - | - | - | - |
| Interest Expenses | 23.6% | 136 | 110 | 84.00 | 64.00 | 55.00 | 57.00 | 60.00 | 62.00 | 57.00 | 49.00 | 43.00 | 38.00 | 37.00 | 39.00 | 39.00 | 37.00 | 37.00 | 37.00 | 36.00 | 40.00 | 36.00 |
| Earnings Before Taxes | 17.8% | 1,129 | 958 | 687 | 1,242 | 1,071 | 1,213 | 1,392 | 981 | 1,431 | 1,355 | 1,108 | 1,012 | 729 | 779 | 1,003 | 940 | 897 | 869 | 950 | 1,180 | 1,201 |
| EBT Margin | -100.0% | - | 0.10* | 0.07* | 0.13* | 0.11* | 0.12* | 0.14* | 0.10* | 0.15* | 0.15* | 0.13* | 0.13* | 0.09* | 0.09* | 0.11* | - | - | - | - | - | - |
| Net Income | 18.1% | 745 | 631 | 442 | 864 | 762 | 860 | 990 | 666 | 1,001 | 952 | 784 | 723 | 507 | 553 | 713 | 697 | 677 | 642 | 708 | 527 | 541 |
| Net Income Margin | -100.0% | - | 0.06* | 0.05* | 0.09* | 0.08* | 0.09* | 0.10* | 0.07* | 0.10* | 0.11* | 0.09* | 0.09* | 0.06* | 0.07* | 0.08* | - | - | - | - | - | - |
| Free Cashflow | -100.0% | - | 1,096 | 734 | 670 | 234 | 242 | 442 | 672 | 898 | 888 | 695 | 630 | 572 | 489 | 750 | - | - | - | - | - | - |
Balance Sheet(In Millions)
| Balance Sheet | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Assets | -2.4% | 11,675 | 11,963 | 11,826 | 11,696 | 12,054 | 12,639 | 13,223 | 11,506 | 11,304 | 10,837 | 10,875 | 10,386 | 6,963 | 6,577 | 6,950 | 6,710 | 6,725 | 6,762 | 4,610 | 4,691 | 4,730 |
| Current Assets | -0.7% | 3,687 | 3,714 | 3,940 | 4,710 | 4,576 | 4,266 | 4,716 | 5,082 | 5,040 | 4,756 | 4,936 | 4,800 | 2,303 | 2,045 | 2,259 | 2,256 | 2,137 | 2,067 | 1,952 | 2,046 | 2,093 |
| Cash Equivalents | 7.0% | 1,189 | 1,111 | 1,130 | 1,211 | 1,147 | 1,047 | 1,136 | 1,278 | 1,209 | 1,084 | 1,158 | 1,782 | 674 | 1,048 | 1,046 | 1,355 | - | - | 1,266 | 1,334 | 1,261 |
| Inventory | 4.8% | 396 | 378 | 417 | 321 | 353 | 345 | 432 | 390 | 380 | 345 | 398 | 346 | 346 | 317 | 380 | 317 | 309 | 280 | 307 | 270 | 276 |
| Net PPE | -3.1% | 2,049 | 2,114 | 2,118 | 1,965 | 2,065 | 2,231 | 2,251 | 1,910 | 1,822 | 1,749 | 1,765 | 1,642 | 1,504 | 1,500 | 1,594 | 1,506 | 1,571 | 1,620 | 1,615 | 1,605 | 1,657 |
| Goodwill | -5.2% | 1,891 | 1,995 | 1,988 | 1,927 | 2,047 | 2,163 | 2,142 | 858 | 841 | 829 | 832 | 800 | 309 | 250 | 254 | 256 | 266 | 273 | 266 | 266 | 276 |
| Liabilities | -2.0% | 4,458 | 4,547 | 4,666 | 4,528 | 4,752 | 4,931 | 5,301 | 4,629 | 4,476 | 4,224 | 4,404 | 4,179 | 3,676 | 3,423 | 3,775 | 3,595 | 3,646 | 3,699 | 1,633 | 1,603 | 1,629 |
| Current Liabilities | 2.5% | 2,152 | 2,100 | 2,166 | 2,104 | 2,153 | 2,085 | 2,383 | 2,194 | 2,116 | 1,922 | 2,067 | 2,007 | 1,723 | 1,483 | 1,736 | 1,648 | 1,626 | 1,587 | 1,253 | 1,192 | 1,206 |
| Shareholder's Equity | -11.5% | 6,549 | 7,404 | 6,482 | 6,418 | 7,289 | 7,694 | 7,908 | 6,865 | 6,816 | 6,601 | 6,459 | 6,195 | 3,275 | 3,154 | 3,175 | 3,114 | 3,078 | 3,062 | 2,976 | 3,083 | 3,096 |
| Retained Earnings | 3.8% | 2,465 | 2,374 | 2,191 | 2,228 | 2,083 | 2,941 | 2,892 | 2,468 | 2,415 | 2,285 | 2,105 | 2,004 | 1,565 | 1,433 | 1,416 | 1,371 | 1,193 | 1,060 | 944 | 916 | 751 |
| Additional Paid-In Capital | 0.1% | 4,396 | 4,391 | 4,390 | 4,408 | 4,402 | 4,704 | 4,695 | 4,685 | 4,679 | 4,664 | 4,658 | 4,647 | 2,444 | 2,434 | 2,427 | 2,423 | 2,417 | 2,408 | 2,402 | 2,393 | 2,388 |
| Shares Outstanding | -0.2% | 417 | 418 | 419 | 419 | 421 | 426 | 428 | 422 | 421 | 420 | 420 | 387 | 377 | 376 | 376 | 377 | 378 | 379 | 379 | 384 | 386 |
| Minority Interest | -9.6% | 656 | 726 | 666 | 737 | 760 | 801 | 852 | 257 | 241 | 226 | 253 | 233 | 72.00 | 100 | 98.00 | 89.00 | 81.00 | 76.00 | 103 | 99.00 | 93.00 |
Cashflow (Last 12 Months)(In Millions)
| Cashflow (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Cashflow From Operations | -1.2% | 1,728 | 1,749 | 1,413 | 1,386 | 967 | 971 | 1,131 | 1,289 | 1,435 | 1,385 | 1,114 | 1,039 | 980 | 901 | 1,185 | 1,205 | 1,171 | 1,126 | 1,333 | 1,564 | 1,638 |
| Share Based Compensation | 13.6% | 50.00 | 44.00 | 42.00 | 40.00 | 37.00 | 42.00 | 41.00 | 41.00 | 44.00 | 39.00 | 36.00 | 32.00 | 28.00 | 27.00 | 26.00 | 27.00 | 26.00 | 24.00 | 24.00 | 24.00 | 26.00 |
| Cashflow From Investing | -10.8% | -1,068 | -964 | -522 | -705 | -296 | -495 | -855 | -1,519 | -2,959 | -3,458 | -3,109 | -2,690 | -1,303 | -641 | -910 | -578 | -514 | -552 | -552 | -702 | -812 |
| Cashflow From Financing | 16.1% | -561 | -669 | -844 | -676 | -707 | -532 | -313 | -306 | 1,998 | 2,055 | 2,058 | 2,032 | -280 | -419 | -480 | -568 | -591 | -580 | -518 | -424 | -372 |
| Dividend Payments | 2.0% | 209 | 205 | 202 | 203 | 203 | 204 | 203 | 202 | 151 | 100 | 95.00 | 90.00 | 135 | 180 | 181 | 182 | 175 | 168 | 161 | 153 | 154 |
| Buy Backs | -35.7% | 189 | 294 | 466 | 446 | 580 | 534 | 75.00 | - | - | - | 8.00 | 66.00 | 130 | 205 | 265 | 353 | 380 | 407 | 307 | 364 | 140 |
YUMC Income Statement
2023-06-30Condensed Consolidated Statements of Income (Unaudited) - USD ($) shares in Millions, $ in Millions | 3 Months Ended | 6 Months Ended | ||||||
|---|---|---|---|---|---|---|---|---|
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |||||
| Revenues | ||||||||
| Total revenues | $ 2,654 | $ 2,128 | $ 5,571 | $ 4,796 | ||||
| Costs and Expenses, Net | ||||||||
| General and administrative expenses | 153 | 141 | 316 | 292 | ||||
| Other operating costs and expenses | 24 | 18 | 48 | 35 | ||||
| Closures and impairment expenses, net | 14 | 14 | 17 | 16 | ||||
| Other expenses, net | 24 | 1 | 49 | |||||
| Total costs and expenses, net | 2,397 | 2,047 | 4,898 | 4,524 | ||||
| Operating Profit | 257 | 81 | 673 | 272 | ||||
| Interest income, net | [1] | 40 | 14 | 78 | 26 | |||
| Investment (loss) gain | [1] | (11) | 20 | (28) | (17) | |||
| Income Before Income Taxes and Equity in Net Earnings (Losses) from Equity Method Investments | 286 | 115 | 723 | 281 | ||||
| Income tax provision | (71) | (31) | (196) | (86) | ||||
| Equity in net earnings (losses) from equity method investments | (1) | (1) | (2) | |||||
| Net income – including noncontrolling interests | 214 | 83 | 527 | 193 | ||||
| Net income – noncontrolling interests | 17 | 41 | 10 | |||||
| Net Income – Yum China Holdings, Inc. | $ 197 | $ 83 | $ 486 | $ 183 | ||||
| Weighted-average common shares outstanding (in millions): | ||||||||
| Basic | [2] | 418 | 421 | 418 | 423 | |||
| Diluted | [2] | 422 | 424 | 423 | 427 | |||
| Basic Earnings Per Common Share | $ 0.47 | $ 0.2 | $ 1.16 | $ 0.43 | ||||
| Diluted Earnings Per Common Share | $ 0.47 | $ 0.2 | $ 1.15 | $ 0.43 | ||||
| Company Sales [Member] | ||||||||
| Revenues | ||||||||
| Revenues | $ 2,517 | $ 2,026 | $ 5,289 | $ 4,574 | ||||
| Franchise [Member] | ||||||||
| Revenues | ||||||||
| Revenues | 21 | 19 | 46 | 43 | ||||
| Costs and Expenses, Net | ||||||||
| Cost of goods and services sold | 9 | 8 | 19 | 18 | ||||
| Transactions With Franchisees [Member] | ||||||||
| Revenues | ||||||||
| Revenues | 89 | 62 | 182 | 139 | ||||
| Costs and Expenses, Net | ||||||||
| Cost of goods and services sold | 84 | 61 | 175 | 136 | ||||
| Other Revenues [Member] | ||||||||
| Revenues | ||||||||
| Revenues | 27 | 21 | 54 | 40 | ||||
| Company Restaurant Expenses [Member] | ||||||||
| Costs and Expenses, Net | ||||||||
| Food and paper | 773 | 627 | 1,608 | 1,419 | ||||
| Payroll and employee benefits | 665 | 549 | 1,348 | 1,216 | ||||
| Occupancy and other operating expenses | 675 | 605 | 1,366 | 1,343 | ||||
| Cost of goods and services sold | $ 2,113 | $ 1,781 | $ 4,322 | $ 3,978 | ||||
| ||||||||
YUMC Balance Sheet
2023-06-30Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions | Jun. 30, 2023 | Dec. 31, 2022 |
|---|---|---|
| Current Assets | ||
| Cash and cash equivalents | $ 1,189 | $ 1,130 |
| Short-term investments | 1,762 | 2,022 |
| Accounts receivable, net | 59 | 64 |
| Inventories, net | 396 | 417 |
| Prepaid expenses and other current assets | 281 | 307 |
| Total Current Assets | 3,687 | 3,940 |
| Property, plant and equipment, net | 2,049 | 2,118 |
| Operating lease right-of-use assets | 2,066 | 2,219 |
| Goodwill | 1,891 | 1,988 |
| Intangible assets, net | 148 | 159 |
| Long-term bank deposits and notes | 1,179 | 680 |
| Equity investments | 323 | 361 |
| Deferred income tax assets | 72 | 113 |
| Other assets | 260 | 248 |
| Total Assets | 11,675 | 11,826 |
| Current Liabilities | ||
| Accounts payable and other current liabilities | 2,064 | 2,098 |
| Income taxes payable | 88 | 68 |
| Total Current Liabilities | 2,152 | 2,166 |
| Non-current operating lease liabilities | 1,773 | 1,906 |
| Non-current finance lease liabilities | 41 | 42 |
| Deferred income tax liabilities | 350 | 390 |
| Other liabilities | 142 | 162 |
| Total Liabilities | 4,458 | 4,666 |
| Redeemable Noncontrolling Interest | 12 | 12 |
| Equity | ||
| Common stock, $0.01 par value; 1,000 million shares authorized; 417 million shares and 419 million shares issued and outstanding June 30,2023 and December 31,2022, respectively; | 4 | 4 |
| Additional paid-in capital | 4,396 | 4,390 |
| Retained earnings | 2,465 | 2,191 |
| Accumulated other comprehensive loss | (316) | (103) |
| Total Yum China Holdings, Inc. Stockholders' Equity | 6,549 | 6,482 |
| Noncontrolling interests | 656 | 666 |
| Total Equity | 7,205 | 7,148 |
| Total Liabilities, Redeemable Noncontrolling Interest and Equity | $ 11,675 | $ 11,826 |
Yum China Holdings, Inc. owns, operates, and franchises restaurants in China. The company operates through two segments, KFC and Pizza Hut. It operates restaurants under the KFC, Pizza Hut, Little Sheep, Huang Ji Huang, Lavazza, COFFii & JOY, Taco Bell, and East Dawning brands, which specialize in chicken, pizza, hot pot cooking, simmer pot, Italian coffee, specialty coffee, Mexican-style food, and Chinese food categories. The company also operates V-Gold Mall, a mobile e-commerce platform, which sells electronics, home and kitchen accessories, and other general merchandise, as well as fried rice, steak, pasta and other ready meals, and coffee capsules. In addition, it operates franchise restaurants under the KFC, Pizza Hut, Huang Ji Huang, Taco Bell, Little Sheep, East Dawning, Lavazza, and COFFii & JOY names. As of December 31, 2021, the company operated 11,788 restaurants in approximately 1,600 cities. Yum China Holdings, Inc. was incorporated in 2016 and is headquartered in Shanghai, China.