10 Feb 2026 Yum China is China’s largest restaurant operator with >18,100 stores across >2,500 cities at end‑2025, operating KFC (QSR), Pizza Hut (casual), and other concepts including Taco Bell, Lavazza (JV), Little Sheep and Huang Ji Huang. Its digital
CROSBY Research – Yum China (9987 HK/NR): Yum China’s Path to 30,000 Stores by 2030

