CHINA TOPIX

03/28/2024 02:14:22 pm

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Yum China

Yum China To Acquire Chinese Food Delivery Player.

Yum China in Talks to Acquire China’s Food Delivery Service Firm Daojia for $200 Million: Sources

Yum China Holdings Inc is holding talks to acquire local food delivery player Daojia.com for approximately $200 million, two sources close to the matter told Reuters.

Yum China plans to open 600 restaurants a year in China.

Yum China Makes Impressive Debut in Stock Market

Yum China Holdings debuted in New York on Tuesday, marking the first day of trading after the spinoff. The stock traded under the ticker symbol YUMC and gained nearly 10% during the trading session. The China division of the brand was hived off owing to the pressure from activist shareholders. Yum China owns the Pizza Hut and KFC brands in China.

Yum China has over 7,200 restaurants in more than 1,100 cities.

Yum China Shares Increased After Spinoff Completion

After the completion of the spinoff of Yum Brand’s China unit, Yum China Holdings Inc. shares has increased on the first day of trading on the New York Stock Exchange by eight percent

The Louisville-based company said that the new company will be called Yum China Holdings.

Yum! Brands OKs Separation of China Business

Yum! Brands has approved its separation from its China business counterpart.

Yum Brands to Sale Stuck in China Business.

Yum Brands to Offload Stake in China business Ahead of Spinoff

Yum Brands, owner of popular food chain restaurants KFC and Pizza Hut, said on Friday that it would sell a minority stake in its China business to Chinese investment firm Primavera Capital and an affiliate of Alibaba Group Holding, Ant Financials.

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