Yum Brands announced plans to double the number of its restaurants in China.
The world's leading fast food restaurant chain KFC officially opened a store in Lhasa, making it the first well-known international food and beverage brand to enter Tibet.
Starbucks plans to enhance its investment in the Chinese market and open 500 new stores every year in the country over the next five years.
The world's leading food and beverage group Yum! Brands, Inc. announced that the company will separate its China businesses.
Yum! Brands, Inc. announced plans to appoint Micky Pant as new chief executive officer of its China business division.
To support the development of Pizza Hut brand, Yum Brands announced that the group has now fully launched its franchise business in China.
The world's leading food and beverage group Yum! Brands Inc. published its financial report for the first quarter of financial year 2014, stating that its operating revenue was USD2.72 billion, a year-on-year increase of 7.5%.
Chinese hotpot restaurant chain Little Sheep launched its first remodeled restaurant since its acquisition by U.S.-based Yum.
Yum! Brands Inc. reported results for the second quarter ended June 15, 2013, and said its system sales declined 12% in China.
Yum announced that its net profit decreased by 27% year-on-year to USD337 million in the first quarter of 2013, mainly attributing to the sales and profit decline in the Chinese market.